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Staying On Top of Vendor Management News: Week of Feb 12

Feb 16, 2018 by Branan Cooper

This week in third party risk management news:

  • Want to voice your opinion on CFPB regulation through enforcement action? Now you can - they're seeking input from the public.
  • Legal analysis of the unprecedented Fed action against Wells - American Banker discusses the implications.
  • Enhanced security standards that impact your fintech vendors or fintech company

Read below for additional important stories for the week of Feb 12, 2018.

Industry News for the Week of Feb 12

CFPB seeks public commentary on its processes regarding enforcement actions: Read here

CFPB seeks public input on its supervisory practices: Read here

Senate concerned by CFPB’s action – or inaction – in Equifax probe: Read here

FinCEN’s new SAR form includes requirements for reporting cyber incidents: Read here

Regulatory relief on the way?: Read here

New CFPB strategic initiative: Read here

New gov budget and its impact on regulatory agencies: Read here

Wells Fargo CEO downplays impact of the Fed’s order against the company: Read here

Legal analysis of the unprecedented Fed action against Wells: Read here

The cost of cyber crime: Read here

How enhanced security standards impact fintech: Read here

Credit Unions and regulatory uncertainty: Read here

Elizabeth Warren warns Wells Fargo to fix things fast: Read here

Mulvaney seeks to change CFPB approach to enforcement, specifically targeting UDAAP:Read here

FinCEN fines US Bank: 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. Branan also serves as an industry thought leader. He's a member of InfraGard and the Professional Risk Management Industry Association (PRMIA). And, he was selected in 2018 as an advisor to the Center for Financial Professionals (CEFPro) and board member for the Global Sourcing Resource Network (GSRN).

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