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Staying on Top of Vendor Management News: Week of Sept 18

Sep 22, 2017 by Branan Cooper

Headlines in third party risk from this past week, the week of September 18, covered a variety of mishaps from which we can all learn. Read the articles below for how you can avoid issues with your own vendors, and to help keep you updated on the latest in vendor management news.

Articles From Week of September 18 to Check Out

Why regulatory relationships will make or break you in today's world of third party risk: Read here

Sen Warren (first head of CFPB) plans to address Equifax concerns with new legislation:Read here

FTC opens investigation of Equifax: Read here

The fallout from the SoFi scandal includes getting its banking application declined: Read here

I often refer to this very concept in my presentations – the notion of setting policy through enforcement action – here’s an article that speaks to that same bad concept: Read here

Another court claim goes against CFPB in a Regulation E & UDAAP matter: Read here

TSYS article on the state of regulatory affairs: Read here

Square Bank? Read here

The House believes that the CFPB withheld documents related to the Wells Fargo scandal:Read here

The top breaches in order of size: Read here

JD Supra on the signs of a weak relationship between CCO and the board: Read here

Not surprising, the looming idea that the FinCEN rules on enhanced customer due diligence should apply to all business relationships: Read here

To learn how you can easily assess the regulatory compliance risks of your vendors, download our free sample. 

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Branan Cooper

Written by Branan Cooper

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 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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