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Staying On Top of Vendor Risk Management News: Week of December 10

Dec 14, 2018 by Branan Cooper

There are weeks that make you want to run for cover… this was one of those weeks!  News on every possible angle – new CFPB director, Equifax fall out and just tons of other news. Read for more details on each below. 

Industry News for the Week of December 10

Fintechs fill gap in student lending: Read here

Another tough set of actions for Wells Fargo: Read here

Elegy for cycling commentator Paul Sherwen (great guy!) and the role of the compliance officer: Read here

Kraninger confirmed as director of Bureau

The Hill reports that the Senate has confirmed Kathy Kraninger to be director of the Consumer Financial Protection Bureau (CFPB), granting her a five-year term to lead the agency.

Ballard Spahr podcast on AML challenges: Read here

Analysis of what Kraninger means to the CFPB’s mission: Read here

Cybersecurity starts with good board questions: Read here

What happens to data after a breach: Read here

CFPB study on student lending fees: Read here

Banks lax on compliance and risk avoidance: Read here

Equifax breach entirely preventable: Read here

Is Mulvaney’s parting gift a safe harbor for FinTech’s?: Read here

Kraninger takes the helm: Read here

What do you do if your vendor has suffered a data breach? Download our infographic  to find out. 

vendor-data-breach

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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