Vendor Compliance Management Series: Where To Start?

by Sarah Harvey / November 20, 2023

What’s Changed? There needs to be a full chain of custody as the CFPB expects you to “oversee their business relationships with service providers in a manner that ensures compliance with Federal consumer financial law….” For example, if you have “any person (i.e. service provider) that provides a material service to a covered person (i.e. you) in connection with the offering or provision by such covered person of a consumer…

CFPB Readiness Series: Making Risk Assessment Work For You

by KirkpatrickPrice / November 20, 2023

Once you’ve determined that you need to undergo a CFPB audit, conducting a risk assessment enables you to find and address gaps before the audit begins. What is a Risk Assessment and Why Should I Care? A risk assessment is a systematic process of evaluating the potential risks that may be involved in a projected activity or undertaking. It involves evaluating operational, compliance, and reputational risks. Aside from being mandated…

CFPB Readiness Series: Developing an Internal Audit Process

by KirkpatrickPrice / November 20, 2023

When you begin preparing for your CFPB examination, it is critical that you develop and implement an internal audit process to provide an independent, objective evaluation the operational effectiveness of your organizational controls. In this webinar, Information Security Specialists at KirkpatrickPrice will review how to develop an internal audit process for your organization and why it is essential for CFPB compliance. Why Should I Have an Internal Audit Process? According…

CFPB Readiness Series: Procedure Drafting 101

by KirkpatrickPrice / November 20, 2023

Are you in the process of developing procedures for your organization? Are you unsure about what needs to be included in your company’s procedures? In this webinar, you’ll hear from Joseph Kirkpatrick, President of KirkpatrickPrice, as he provides an overview of the importance of establishing procedures for your organization and how to go about doing so in the most efficient way. What are Procedures? Often policies and procedures are mistaken…

CFPB Readiness Series: Policy Drafting 101

by KirkpatrickPrice / November 20, 2023

Are you in the process of developing policies for your organization? Are you unsure about what needs to be included in your company’s policies? In this webinar, you’ll hear from Mike Haubenstock, Vice President and Chief Risk and Compliance Officer for Encore Capital, as he provides an overview of the importance of establishing policies for your organization and how to go about doing so in the most efficient way. What…