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Third Party Customer Complaints/Compliance Risk

  • 1.  Third Party Customer Complaints/Compliance Risk

    This message was posted by a user wishing to remain anonymous
    Posted 12-02-2019 02:28 PM
    This message was posted by a user wishing to remain anonymous

    Hello all,

    We have third parties who provide services to business banking customers such as payroll services.  The services/products are not ours, but those of the third party.  For those with similar engagements, are you tracking customer complaints, and reviewing their policies, procedures and training as related to compliance risk (UDAAP in particular)?

    Thank you.