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Staying On Top of Vendor Management News: Week of Aug 14

Aug 18, 2017 by Branan Cooper

What's new in vendor risk management for the week of August 14, 2017? We've put together a list of resources to check out.

Articles From Week of August 14 to Check Out

CFPB is known for setting regulatory guidance through enforcement action and then applying it retroactively – think of it as being pulled by the police and told you were speeding 15 miles ago when you were doing 55 mph in a 55 mph zone that they have redefined as a 35 mph zone: Read more

The importance of SAR filings: Read more

Regulatory piling on – 7 difference government agencies taking action in one case against Citigroup. Ow!: Read more

Online banking is no longer a prohibited credit union term – that and other interesting developments: Read more

Pepper Hamilton (a well known law firms) asks if it is even feasible to have a compliance management system sufficient to address the CFPB’s extremely rigorous expectations – a good read!: Read more

I agree with the premise of the article, but I think it’s woefully deficient in not reminding credit unions the importance of monitoring social media for complaints or customer confusion: Read more

NCUA weighs new rules including comprehensive new due diligence requirements: Read more 

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Branan Cooper

Written by Branan Cooper

Branan Cooper is the Chief Risk Officer at Venminder. Branan has nearly 30 years of experience in the financial services industry with a focus on the management of operational and regulatory processes and controls—most notably in the area of third party risk and operational compliance. Branan leads the Venminder delivery team as the third party risk management subject matter expert in residence. Branan also serves as an industry thought leader. He's a member of InfraGard and the Professional Risk Management Industry Association (PRMIA). And, he was selected in 2018 as an advisor to the Center for Financial Professionals (CEFPro) and board member for the Global Sourcing Resource Network (GSRN).

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