Staying abreast of regulatory changes is a hallmark and necessity of proactive financial institutions in the current dynamic world of financial services. The Consumer Financial Protection Bureau (CFPB) has introduced the CFPB Sectio...

Financial enterprises must function flexibly, facing risks in several business activities, such as relationships with third parties. With the enhancement of cloud services and automation, risks associated with third parties have becom...

In today's challenging business world, financial organizations constantly look for stability and the ability to predict risks because financial turbulence is a norm instead of an exception. The pursuit of stability is not only about d...

In the ever-challenging world of financial regulation, one new rule is capturing attention and making waves for financial enterprises: Section 1071 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. But what story revo...

In today’s competitive age, where fairness, transparency, and inclusivity are paramount, the financial sector is constantly reforming to fulfill challenging demands. One of the most recent noticeable regulatory challenges is the imp...

Enterprises across various sectors are undoubtedly progressively dependent on third parties to perform their daily operational requirements. Gone are the days when vendor relationships were motivated by cost efficiency solely. In this...