Venminder Blog

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

Written by Expert at Venminder | Jul 28, 2017 5:00:00 AM

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 agenda: https://www.consumerfinance.gov/about-us/blog/spring-2017-rulemaking-agenda/

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

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

Wells Fargo problems continue after data breach: https://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 debt: https://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 Money: https://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

SoFi: https://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