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Week of January 28, 2019: Staying on Top of Vendor Risk Management News

Feb 1, 2019 by Branan Cooper

There was a lot of news this week! Topics include: a lengthy report by Wells on how it will make amends and respond to consumer complaints, two large CFPB enforcement actions, discussion of Congress’ focus on financial services and cybersecurity, Fed considering ways to allow fintech access to payment system and analysis of the major merger of two core processors. 

Industry News for the Week of January 28

Fed should open payments system to include fintech: Read here

Hurdles for de novo banks: Read here

Budget cuts and compliance: Read here

Congress has fintech and cybersecurity on its mind: Read here

Reflecting on Fiserv’s acquisition of First Data: Read here

OCC to host regional governance and risk workshops: Read here

CFPB enters into settlement with retailer for $11 million: Read here

CFPB enters into $3 million settlement with payday lender: Read here

Wells Fargo report promises changes and better reaction to consumer complaints: Read here

Get an in-depth look at the State of Third Party Risk Management. Download the whitepaper here. state-of-third-party-risk-management-2019

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.

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