Industry-Wide

In March 2026, the FDIC published an update on reforms to its regulatory toolkit, as indicated by a speech or policy statement posted on the FDIC website. While the specific details of the reforms are not fully described in the source data, the timing and context suggest it addresses evolving supervisory approaches to bank-fintech partnerships and third-party risk management. The FDIC has been a central regulator in BaaS oversight, particularly following the Synapse bankruptcy and related enforcement actions against sponsor banks. This update likely signals continued evolution of the FDIC's supervisory posture toward BaaS arrangements.

Verified from source: FDIC Chairman Travis Hill delivered a speech at the ABA Washington Summit providing updates on reforms to the FDIC's regulatory and supervisory toolkit, including supervision reform, consumer compliance examination changes, and adjustments to examination approaches affecting BaaS and third-party risk management supervisory practices.