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Staying On Top of Vendor Management News: Week of July 24

Jul 28, 2017 by Branan Cooper

You know how important it is to stay updated with regulatory news. Learn what's new in vendor risk management from the week of July 24. We've put together a list of resources to check out. 

Articles From Week of July 24 to Check Out

CFPB updated rule making agendahttps://www.consumerfinance.gov/about-us/blog/spring-2017-rulemaking-agenda/

Verizon data breach highlights need for third party due diligencehttp://www.corpcounsel.com/id=1202793334144/Verizon-Data-Exposure-Incident-Highlights-Importance-of-ThirdParty-Due-Diligence

The looming battle over the CFPB complaint databasehttp://www.pymnts.com/news/cfpb/2017/the-cfpbs-consumer-complaint-database-the-next-battle-between-regulators-and-legislators/

Wells Fargo problems continue after data breachhttps://www.americanbanker.com/articles/wells-fargo-said-to-get-regulatory-questions-
after-breach?utm_campaign=daily%20briefing-jul%2025%202017&utm_medium=email&utm_source=newsletter&eid=e543b1998b401b
06d5efd91ff74654cb&bxid=583efe38e661f0c0068b4731

CFPB complaints reporting on mortgages and debthttps://www.nationalmortgagenews.com/slideshow/7-facts-about-cfpb-mortgage-and-debt
-complaints?utm_campaign=alert-c-Jul%2025%202017&utm_medium=email&utm_source=newsletter&eid=12a6d4d069cd56cfd
daa391c24eb7042

Battle lines being drawn as FinTechs position themselves for charters
Varo Moneyhttps://www.americanbanker.com/news/mobile-only-fintech-makes-play-for-regular-bank-
charter?utm_campaign=regulation%20reform-jul%2025%202017&utm_medium=email&utm_source=newsletter&eid=e543b1998b401b0
6d5efd91ff74654cb&bxid=583efe38e661f0c0068b4731

SoFihttps://www.americanbanker.com/slideshow/a-quick-guide-to-whats-at-stake-in-the-sofi-
charter-controversy?utm_campaign=intraday-c-Jul%2025%202017&utm_medium=email&utm_source=newsletter&eid=12a6d4d069cd56
cfddaa391c24eb7042&bxid=

Cohn the top contender to lead the Federal Reserve Bank, according to President

  • This would mean former Goldman Sachs execs as Treasury Sec and head of Fed – uh, wow!

http://www.washingtonexaminer.com/cohn-the-top-contender-for-fed-chief-trump-says/article/2629657

Forget the FinTech charter, they want to be an actual bank!http://paybefore.com/mobile-emerging-payments/varo-money-applies-u-s-banking-charter/

Learn how institutions are handling vendor management, download our State of Vendor Management 2017 whitepaper

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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.

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