Staying On Top of Vendor Risk Management News: Week of August 13

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

As you've read, vendors are under increasing pressure to demonstrate to you the effectiveness of their cybersecurity risk management programs. Are your vendors meeting expectations? A SOC for cybersecurity can help manage and mitigate associated risks.  Download the infographic now.