Week of January 7, 2019: Staying on Top of Vendor Risk Management News

An interesting week – CFPB news, UDAAP enforcement action, huge money laundering scandal, and an NCUA update…This week’s edition of the news has something for everyone.

Industry News for the Week of January 7

US Treasury has posted the notice that its Financial Crimes Enforcement Network will not work on regulatory guidance or rulemaking as its workforce of 285 employees is reduced to 130: Read here 

A first in enforcement: Read here

Competing regulators can lead to lax oversight: Read here

CFPB and a dose of molasses!  And lots of third party involvement: Read here

CFPB USAA enforcement action includes UDAAP violations: Read here

OCC asks for dismissal of suit by states over FinTech charter: Read here

These are the leaders who will be setting financial services policy for the next few years: Read here

The FinTech charter takes root: Read here

Fascinating and scary money laundering scheme: Read here 

FinTech’s need to compete on a level playing field: Read here

In with the New: NCUA’s 2019 Supervisory Priorities: Read here

Implications of the Eighth Amendment’s excessive fines: Read here

See what you need to know about UDAAP and your vendors. Download the infographic now to get started.