By Brian Hall on EDITOR’S NOTE: This recent post from the PWMA Employer Law Report on the importance a BYOD policy highlights an area of current concern for bankers and other employers. Saman Rajaee was a salesman for Design Tech Homes. He used his personal iPhone to connect to his employer’s Microsoft Exchange Server, which allowed him to access … Continue Reading
By Porter Wright on Financial institution executives with responsibility for the management of the technology of their financial institutions or their institution’s relationship with technology service providers (TSPs) should become familiar with the updated guidance regarding supervision of TSPs by financial institutions that was issued on October 31, 2012 by various federal banking regulatory agencies. The issuance updates material that is nearly ten years old. The … Continue Reading
By Porter Wright on Financial institutions should apply the same risk management strategies and considerations to outsourced "cloud computing" activities as are required with more traditional forms of outsourcing, according to a statement issued July 10th by the Federal Financial Institution Examination Counsel (FFIEC). The FFIEC’s statement explains that while there is no universal definition of "cloud computing," it … Continue Reading
By Porter Wright on Bankers and other financial product and service providers should expect to provide their consumer customers with far greater access to information than ever before. The financial reform law adopted last year, known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, established a new financial regulatory agency known as the Consumer Financial Protection Bureau. Under … Continue Reading
