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Staying On Top of Vendor Management News: Week of April 2

Apr 9, 2018 by Branan Cooper

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

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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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