The 93-page guidance document takes into account the level of risk, complexity and the size of a banking organization as well as the nature of the third-party relationship, and is intended to help promote compliance, including with laws and regulations related to consumer protection, the agencies said. The agencies said the proposed guidance would replace each agency’s existing guidance on the topic and would be directed to all banking organizations supervised by the agencies. The public would have 60 days to submit comments after the proposal is published in the Federal Register.

https://www.wsj.com/articles/u-s-banking-regulators-seek-comment-on-third-party-relationships-guidance-11626393421?mod=searchresults_pos1&page=1