Tag: fdic

Whitepaper: Evolving Vendor Management Expectations

The FDIC’s most recent regulatory guidance on vendor management has three significant takeaways for community banks. We have developed this…

After Six Years, Agencies Fine Mortgage Processor $65 Million

It’s bad enough to be hit with a regulatory consent order. Now imagine the expense and public relations nightmare when…

Don’t Let the Gift of a Longer Small Bank Exam Cycle Become a Liability

Well-capitalized, well-managed banks with less than $1 billion in assets must have been on the regulators “nice” list last year. The federal…

Prediction for 2017: Risk-based Exams Will Continue to Force Vendor Management Out of the Box

Bankers and credit union executives are always eager to find out what bank examiners want. It’s like there’s an answer…

Cloudy with a Chance of Data Loss

Perhaps there’s no buzz word more confusing to bankers and credit union executives than the “cloud.” It evokes an ethereal…

Why You Need to Focus on Cybersecurity Risk Now

Vendor risk management is an ongoing process—one that begins with due diligence before a contract is signed and continues with…

Country Risk – Why It Pays to Choose Domestic Service Providers

If you think it’s tricky to keep track of the rules and regulations of your regulatory agency, imagine having to…

Assess Vendor Reputation Risk – Before You Have to Rebuild Yours

Ben Franklin once wrote that “Glass, china and reputation are easily cracked, and never well mended.” Reputational risk is present…

Credit Risk – You’ll Take the Blame If Your Vendor Doesn’t Have the Credit

Credit risk is the strength and ability of a company to manage debt and stay in business to ensure continued…

Don’t Blow It at Exam Time – Pay Attention to the FFIEC Cybersecurity Assessment Tool

Remember when you were in college and had to decide if you’d do the recommended reading for a class? It…