NOTA BENE with Michael P.A. Cohen
Explore how today’s international legal headlines will affect your global business on Nota Bene, a weekly podcast for the C-Suite by the Sheppard Mullin law firm. Join host, international competition partner Michael P.A. Cohen, as he and his expert guests explore how the law and trends intersect while providing insights and strategies for succeeding as a global business in this new world economic order.
The CFPB updated its Supervision and Examination Manual by adding a new section titled Compliance Management Review – Information Technology. The new examination procedures are meant to assist CFPB examiners when assessing an entity’s information technology (IT) controls as part of a Compliance Management System (CMS) review. Among other things, the new exam procedures outline the following five modules: (i) Board and Management Oversight; (ii) Compliance Program; (iii) Service Provider Oversight; (iv) Violations of Law and Consumer Harm; and (v) Examiner Conclusions and Wrap-Up. Each module focuses on the…Continue Reading CFPB Updates Supervision and Examination Manual, Adds IT Examination