Browsing: Third-party risk

Compliance and Risk

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.

Newsbytes

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

Newsbytes

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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