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December 18, 2020

Vendor management and compliance: To protect and serve

first_imgWe’ve all had the experience of putting trust in someone else, whether it’s trusting your hairstylist to give you a haircut that’s not too short, trusting the chef that there’s no peanuts in your dish, or the barista getting your “half-caff,” almond milk latte with extra foam order right.It’s the same with trusting your service providers to stay on top of compliance issues and keep your concerns top of mind, but the stakes are much higher than getting your coffee order right. The role of a good financial services vendor is not unlike the police department—to protect and serve.Protection is critical, especially when you factor in the (sometimes harsh) reality that the Consumer Financial Protection Bureau (CFPB) does not distinguish between the activities of vendors and the activities of the financial institutions that those vendors serve.Importance of Service Provider ManagementMany companies rely on service providers to essentially take over part of their functions, using expertise that the company itself may not have. For many, this includes monitoring compliance and risk management. That doesn’t mean you can entirely step away; your involvement shifts, instead, to service provider management or vendor management. This is a multifaceted program designed to oversee all third party activity and manage risks associated with vendor relationships. It is designed to protect the lender, the vendor, and, of course, the consumer. continue reading » 16SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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August 26, 2020

Vladimir Guerrero Jr. injury update: Blue Jays’ top prospect (oblique strain) out 3 weeks

first_imgThe setback will take Guerrero up to opening day, which means he likely will not make the active roster to start the season. Guerro’s status to start the 2019 season in the minors has come under controversy and caught the attention of the Major League Baseball Players Association in recent weeks.The organization indicated earlier this month that they will monitor Toronto to ensure it isn’t manipulating the young slugger’s service time.Despite slashing .381/.437/.636 with 20 home runs in the minors, Guerrero didn’t get a September call-up last season. Per #BlueJays, Vladimir Guerrero Jr. has a grade 1 strain of his left oblique. Happened on Friday March 8.Team estimates he’ll be back in three weeks.— Ben Nicholson-Smith (@bnicholsonsmith) March 10, 2019Guerrero initially suffered the injury Friday against Pittsburgh in his most recent Grapefruit League game, but it’s not clear how or when the injury happened. Blue Jays top prospect Vladimir Guerrero Jr. will be sidelined due to a grade 1 strain of his left oblique. The 19-year-old third baseman is expected to miss three weeks, the team announced Sunday (via Sportsnet).last_img read more

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August 13, 2020

Des Moines Police kneel in solidarity with group of protesters

first_imgDES MOINES — A moment of prayer and solidarity in downtown Des Moines on Sunday night diffused a tense situation.A few hundred protesters gathered outside the Des Moines Police station, kneeling in silence to honor George Floyd, the black man who died a week ago in Minneapolis police custody. Then they began chanting at police on the other side of barricades to do the same.WHO Television’s livestream on Facebook showed a black officer and a white officer behind the barricades kneeling in prayer, drawing a positive roar from the crowd. People in the crowd yelled that they’d leave if every officer on the scene knelt. For two minutes, police in riot gear joined the protesters, symbolically taking a knee, to cheers.The crowd then left.A rally for change is scheduled for tonight (Monday) on the Iowa Capitol grounds.  A handful of protesters peacefully gathered in Central Park in Mason City late last night.last_img read more

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