FDIC Urges Improved Vendor Management

Naturally, items like the news below grab our attention just as they grab that of our customers!

In a year flush with new regulatory guidance from FFIEC, FDIC, and CFPB, we are wondering if we are going to hear from OCC? Don’t be surprised if we see some new guidance. We are receiving a lot of intelligence from our customers about their examinations and this often foretells updated guidance and direction as regulators continue to raise the bar for third party risk management and direct banks to improve their programs.