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

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

OCC enforcement action related to third party add on products by UMB and UDAP (not UDAAP) violations: 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

The basics and importance of ERM: 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

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

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