The Federal Deposit Insurance Corporation (FDIC) today announced its Board of Directors has approved the appointment of Amanda J. Lavis as Director of the agency’s new Office of Equal Employment Opportunity (OEEO).
National Credit Union Administration Chairman Todd M. Harper and Board Member Tanya F. Otsuka released the following statements after the Consumer Financial Protection Bureau’s enforcement action today against VyStar Credit Union. The enforcement action follows a joint investigation by the NCUA and CFPB into VyStar’s violations of the Consumer Financial Protection Act. The Order is available on the CFPB’s website(Opens new window).
On October 11, California’s Office of Administrative Law (“OAL”) approved the Department of Financial Protection and Innovation’s (“DFPI’s”) registration rulemaking for providers of the following products:
On October 29, New Jersey Attorney General Matthew Platkin and the state’s Division on Civil Rights (DCR) released a report detailing the findings of a multi-year investigation into Republic First Bank (Republic) and its alleged mortgage redlining practices. According to the report, the investigation revealed that Republic engaged in a pattern or practice of redlining against Black, Hispanic, and Asian communities in New Jersey, in violation of the New Jersey Law Against Discrimination.
As we get accustomed to the idea of a hybrid workforce, I’m reminded that a hybrid approach to third party auditing can also be appropriate, allowing organizations to maintain effective oversight while optimizing time, resources and the depth of inspection based on the vendor’s risk level and function.
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