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Staying On Top of Vendor Management News: Week of Aug 7

Aug 11, 2017 by Branan Cooper

You're aware of the importance of staying up to date with industry news. Learn what's new in vendor risk management for the week of August 7, 2017. We've put together a list of resources to check out.

Articles From Week of August 7 to Check Out

FDIC and OCC square off on FinTech charters: Read more

NAFCU warns about looming CFPB attention pertaining to pay by phone fees and potential for UDAAP violations: Read more

OCC goes after the FDIC over pace of the new bank charter applications: Read more

FinCEN exerts its international authority – this is one reason banks and credit unions need to pay attention to their offshore outsourced third parties: Read more

KPMG whitepaper on Appendix J: Read more

Interesting – note the headline and the opening paragraph – they deliberately do not name the bank by name – if you dig, it’s JP Morgan Chase, but wonder why they obscured that fact. It’s a consent order: Read more

CFPB on pay by phone fees – it definitely absolutely does have third party implications for anyone who outsources call center, collections, customer service or statement production activities: Read more

Ever wonder what reputation risk looks like? Just ask Wells Fargo how many of these headlines they’ve had to address the past year or so: Read more

House Financial Services Committee pushes for contempt of Congress proceedings against Cordray: Read more

NBPCA (prepaid industry group) wants delay to prepaid rule: Read more

Not sure we needed a study to reach this conclusion but it is salient perspective on the fallout from regulatory criticism and the responsibility of the board: Read more

The importance of having a master list of vendors and what you should do with it: Read more 

A couple of big industry names growing together: Read more

Enforcement actions can be long and very expensive: Read more

To learn how you can be compliant and learn from past enforcement actions, download our infographic.

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Branan Cooper

Written by Branan Cooper

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 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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