Tag Archives: third-party risk

OCC Flags Supervision Priorities for 2017

The OCC today released its bank supervision operating plan for fiscal year 2017, identifying what each of the agency’s supervisory operating units will focus on for the new federal fiscal year starting on Oct. 1.

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OCC Stresses Third-Party Risk Management in Military Banking

In remarks at the Association of Military Bankers’ annual workshop today, OCC Senior Deputy Comptroller Grovetta Gardineer stressed the importance of ensuring that all military service members and their families receive the consumer protections they are entitled to under the Servicemembers Civil Relief Act.

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ABA Issues Staff Analysis on Proposed Third-Party Lending Guidance

ABA last week issued a members-only staff summary of the FDIC’s proposed guidance for third-party lending regarding safety and soundness and consumer compliance measure that FDIC-supervised institutions should follow when lending through a business relationship with a third party. The proposed guidance covers strategic, operational, credit and compliance risks associated with third-party lending, and it details the basic elements of ...

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Under Criticism, FDIC Amends Exam Appeals Process

The FDIC board today voted to propose amendments to its supervisory guidelines that would expand banks’ rights to appeal exam decisions and improve consistency with other agencies’ appeals processes and issue examination guidance for third-party lending.

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Study: Banks Making Strides in Managing Third Party Risk

Banks continue to make significant strides in the area of third party risk management -- though many are concerned about a lack of knowledge and not having the appropriate tools to efficiently assess and manage vendor risk -- according to a study published today by Ernst & Young.

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