Axis Capital Group Inc Personalized Commercial Finance Nebraska

Managing when vendor and supplier risk becomes your own

The increasing surge of regulatory inspection curtailing from the global financial crisis has at the present extended beyond banks, to the companies that supply them. Under the extensive concept that activities can be subcontracted, however responsibility can’t, the Consumer Financial Protection Bureau (CFPB) and other regulators are considering financial institutions accountable not only for their own actions but then again also for those of their vendors and suppliers.

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