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

UDAAP is looming: Read here and here

Summary of GAO report on FinTech companies – says don’t hold your breath for OCC charter: Read here

Mulvaney seeks to curtail his agencies powers: Read here and here

Regulators can’t agree on how to best regulate! Read here

Legal analysis of the May 11, 2018 implementation of FinCEN’s rules on Customer Due Diligence: Read here and here

Companies need senior management and boards more involved in cybersecurity: Read here

Excellent recap of the Wells problems to date and the looming question of “what’s next?” Read here

Do you know how to classify your vendors? Download our infographic to guide you.