Tag: nvendor

Ticking Time Bomb: Why A Free Vendor Management Checklist Is A Disaster Waiting to Happen

There is temptation in the world of management. With regulatory scrutiny increasing and cost a…

Third-Party Vendor Breach Costs Texas Credit Union

A Texas credit union has found itself dealing with the expensive consequences of a third-party…

“Deficient Vendor Management Practices” Result in $1.5 Million Fine

A Missouri bank is facing a $1.5 million civil money penalty as part of an…

The CFPB is Upping Its Vendor Management Game

Like every other banking regulator, the CFPB requires the banks and nonbanks it oversees to…

How Are You Coping with a Growing Vendor List?

If you feel like your vendor list is growing and growing, you’re not imagining it.…

FDIC Guidance Requires Model Risk Management of Third-party Vendors

FDIC-regulated banks with more than $1 billion in assets and those that use a model…

5 Ways to Succeed at Vendor Management

From pastry chefs to tightrope walkers, every job requires a specific set of skills. For…

Don’t Confuse Clarity with Forgiveness

In an effort to improve communication between the OCC and bank boards and management, the…

Spreadsheets Aren’t Free: 5 Hidden Costs

Most people think of spreadsheets as a free tool because they pay little to nothing…

Will Your Vendors Fall Victim to Ransomware and Other Cybersecurity Threats?

Third-party vendors are often the weak link in the cybersecurity fence. From the HVAC company…