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Staying On Top of Vendor Risk Management News: Week of April 16

Apr 20, 2018 by Branan Cooper

Have you heard - the CFPB could start hiding consumer complaints, Mortgage Bankers Association says cyber crimes are getting nastier and nastier (and they have examples to prove it!) and even the CFPB has been hacked. Read these breaking headlines plus more below.

Industry News for the Week of April 16

Will CFPB start hiding consumer complaints? Read here

Why due diligence and risk can't just be a joint exercise among banks, each one has its own interests and confidential concerns: Read here

Third party risk as a strategic advantage: Read here

See slide 6 for the latest on the FinTech proposed charter: Read here

CFPB has been hacked at least 240 times: Read here

FinTech sandbox: Read here

Why credit unions are hiring virtual CISO’s: Read here

How to investigate cyberinsurance policies (hint: effective due diligence is required): Read here

DLA Piper recap of government regulatory activity: Read here

CFPB pullback invites states to act, but will they? Read here

Banking agencies weigh in on cybersecurity: Read here

Guess they are not naming names! FTC enters into an agreement with a state bank in a sweeping enforcement action: Read here

Does Senate’s repeal of CFPB policy put all guidance in crosshairs? Read here

Cybersecurity attacks of recent note – what went wrong: Read here

Sadly, cyber attacks are inevitable. You can't eliminate the possibility altogether, but you can prepare to lessen your chances. Download our infographic so you know which areas to prepare. 

Regulatory Developments Impact Your Next Vendor Management Exam eBook

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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