Week of January 21, 2019: Staying on Top of Vendor Risk Management News

This was a short week and although there is less industry news this week, what news there is still is significant. Read for more details below!

Industry News for the Week of January 21

Fighting an enforcement action can be very costly: Read here

House Financial Services Committee outlines agenda: Read here

Google hit with large GDPR fine: Read here

Compliance Centers of Excellence: Read here

FDIC updates Compliance Examination Manual

The FDIC has notified email subscribers it has posted updated sections of its Compliance Examination Manual. Sections updated in December include:

• II-6.1 Communicating Findings
• II-8.1 Investigations and Visitations
• II-9.1 Enforcement Actions
• III-2.1 Bank of Anytown
• V-2.1 Determining Whether TIL Restitution is Required
• VII-1.1 Federal Trade Commission Act, Section 5 (UDAP)

The struggle for laws to keep pace with innovation: Read here

Banks should play in the sandbox: Read here 

Get an in-depth look at the State of Third Party Risk Management. Download the whitepaper here.