New enforcement actions and continued analysis of the CFPB changes and the fintech charter dominate this week’s headlines - read these stories and more below for this week's third party risk related news.
Industry News for the Week of August 13
CFPB to collaborate with foreign regulators: Read here
Which regulator gets to run the fintechs? Read here
State regulators aim to step in on the reg of fintechs: Read here
CitiFinancial fined $8.6 million for past mortgage servicing practices: Read here
Article on cyber insurance and things to consider: Read here
Further legal analysis on the OCC fintech charter – comes with some fairly big hurdles: Read here
One of the upsides of GDPR – less consumer concerns: Read here
The most “Googled” financial questions, by state: Read here
The CFPB – a timeline and a path forward: Read here
Payments innovation and payments fraud highlight this new study: Read here
Don’t get trapped in long term fintech contracts! Read here
NAFCU focuses on supervisory highlights and UDAP, in particular: Read here
SEC enforcement action for failing to safeguard investor assets (with some ancillary third party issues) costs Ameriprise over $4 million: Read here
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