Tag: third-party vendors

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Shelved Elves: Santa Ponders the Risks and Rewards of Outsourcing Toy Making

It’s crunch time at the North Pole, and Santa is worried. Despite his elves’ best…

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Third-Party Vendor Breach Costs Texas Credit Union

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

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How Puerto Rico’s Vendor Management Went Awry with Whitefish Energy

As if Puerto Rico didn’t have enough troubles, it’s now making headlines over the decision…

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“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…

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Déjà vu: Wells Fargo Can’t Stay Out of Trouble

After its account-opening scandal last year, you’d think Wells Fargo would have examined all its…

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Here We Go Again: Vendor Cybersecurity Breaches Keep Wreaking Havoc

Another day, another third-party data breach. Actually, two of them. Earlier this month we learned…

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STOP! Collaborate Cautiously and Listen- The OCC is Back with New Third-Party Risk Management Guidance

Just in time for your summer beach reading, the OCC has released frequently asked questions…

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Inside the New SSAE 18: Vendor Management Changes

One of the most effective community bank and credit union vendor management tools is getting…

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Vendor Management: What the Fed Really Wants

Third-party risk is a hot button issue for regulators. When a financial institution (FI) outsources…

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OCC: Marketplace Lenders Are Third-Party Vendors

Are marketplace lenders considered third-party vendors? The OCC sure thinks so. In January the agency…