Check out the latest stories in the world of third party risk for the past week - an update on regulatory relief, the compliance costs that are hurting rather than helping consumers, whether or not regulators can agree on how to regulate, legal analysis of the May 11, 2018 implementation of FinCEN’s rules on Customer Due Diligence and more.
Industry News for the Week of April 2
General Counsel and Chief Compliance Officer – healthy tension: Read here
Regulatory relief? Not so fast – there’s a lot to consider: Read here
What does it take to be a community, from a credit union point of view? Read here
Compliance costs hurting consumers: Read here
Summary of GAO report on FinTech companies – says don’t hold your breath for OCC charter: Read here
Regulators can’t agree on how to best regulate! Read here
Excellent recap of the Wells problems to date and the looming question of “what’s next?” Read here
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