Heightened regulatory scrutiny of the vendor management practices of financial institutions has resulted in several public enforcement actions based on violations of consumer protection and other laws by bank service providers. Regulators are also placing heightened scrutiny on financial institutions' management of vendor relationships. In light of these regulatory developments, financial institutions have continued to refine their vendor management programs and are imposing stricter diligence and contractual requirements on their service providers. Following a brief overview of the legal landscape governing financial institutions oversight over their service providers, this webinar shared a closer look at several recent developments in vendor management practices that have arisen out this increased focus.
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FinTech Webinar Series
The WilmerHale FinTech Webinar Series includes complimentary one-hour presentations on the latest legal developments affecting the financial services and technology industries. Attorneys from WilmerHale's FinTech Group provide brief overviews on current trends and new regulations that are changing the business landscape. CLE credit is offered.