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Staying On Top of Vendor Risk Management News: Week of September 24

Sep 28, 2018 by Branan Cooper

This past week in the world of third party risk there have been interesting stories on a SEC enforcement action related to lack of cybersecurity preparedness, the OCC’s 2019 supervisory plans, simple steps for emergency preparedness, an interesting read on complaints on social media and more. Read the stories below.

Industry News for the Week of September 24

Emergency preparedness can be simple, too: Read here

Compliance officers need to be tech-savvy: Read here

FinTechs could cause the next financial crisis – a bit of an alarmist view: Read here

Handling complaints on social media – an important read: Read here

OCC tries to kill charter for thrifts: Read here

OCC releases its 2019 Bank Supervision Operating Plan – emphasizes risk based and commensurate with size of the supervised institution, also speaks of service provider oversight. High level (2 page) plan: Read here 

Fiserv acquisition expands its footprint in third party debit payment space: Read here

So, Nelnet withdraws its bank charter application: Read here

SEC charges broker dealer with cybersecurity weaknesses that led to a breach: Read here

Do you know if your vendor is in compliance? You don't want to be affected by an enforcement action. Download our infographic now to walk you through what to do and what to monitor.

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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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