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Staying On Top of Vendor Management News: Week of Aug 21

Aug 25, 2017 by Branan Cooper

Here's a list of important vendor risk management articles from this week - week of August 21, 2017.

Articles From Week of August 21 to Check Out

Terrific article on risky due diligence: Read more

A contrarian opinion on reducing bank regulation: Read more
  
Reminder that OFAC sanctions may apply to any companies doing business through the US, even if not located here: Read more
  
OCC enforcement action related to third party add on products by UMB and UDAP (not UDAAP) violations: Read more  

The financial case for deregulation: Read more 

Will anyone be brave enough to ask a question?: Read more 

More Wells Fargo account problems – this time in the opposite direction – they’re closing them: Read more

As we’ve discussed, Goldman Sachs benefits greatly and is well represented in the current administration: Read more

The basics and importance of ERM: Read more

I’ve had this opinion for quite a while – glad to see it in writing: Read more

NAFCU article on the serious issues surrounding complaint management: Read more

Better late than never (published almost 4 months after the fact) and proof that “final” never means final or maybe means “pending” and now final. The CFPB is so confusing at times – anyhow, this article appears in the Aug 24 edition of BankersOnline – CFPB Spring agenda, late-summer style 08/24/2017 

  • Bureau publishes Spring 2017 Regulatory Agenda The CFPB published in today's Federal Register its semiannual regulatory agenda for the period May 2, 2017, through April 30, 2018. The report was current as of April 7, 2017, and describes as "pending" some of the final rules it has issued since that date
  • Read more here and here

Need proof that bankers and investors are worried about the requirements of Dodd Frank? Here’s some of the best proof ever: Read more

Not third party related but a significant enforcement action totaling $96 million, despite the fact that American Express self reported and offered restitution: Read more

Learn more about what you can do to be proactive and to prepare for vendor management examinations. Download our helpful eBook. 

Vendor Management Examination Preparation GuideBook

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.

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