Staying On Top of Vendor Risk Management News: Week of May 14

With GDPR implementation fast approaching, we've seen a spike in related stories. Read below for GDPR in one simple chart, 5 big GDPR impacts, a short 3 minute video on GDPR, along with articles on Mulvaney and the CFPB, regulatory relief, emergency preparedness in light of hurricane season approaching and more.

Industry News for the Week of May 14

What exactly is Mulvaney (CFPB Acting Director) up to? Read here and here

Ch-ch-ch-changes ---- lots of them at the CFPB: Read here

Small bank regulatory relief – the current legislation is only a little starting step: Read here

Complying with FinCEN’s CDD rule requires checking for a PULSE: Read here

With hurricane season approaching, let’s think about emergency preparedness for financial institutions: Read here

GDPR in one simple chart: Read here

In our zest for lessening of regulations, we must not forget the consumer protection still matters: Read here

5 big impacts of GDPR: Read here

CUNA presses CFPB for regulatory reform as part of the CFPB’s request for information: Read here

Really terrific and easy to understand overview of GDPR (video is less than 3 minutes): Read here

Dept of Homeland Security issues press release on new strategy for cybersecurity risks:  Read here and here 

Meanwhile…

White House does away with cybersecurity coordinator role

The White House has eliminated the role of cybersecurity coordinator on the National Security Council. An aide to John R. Bolton, the new national security adviser, said the position wasn't now needed because lower-level officials had already made cybersecurity issues a “core function” of the president’s national security team.

You only have one more  week to prepare for GDPR. Download our helpful infographic to make sure you're in compliance.