ABA offers recommendations for improving third-party supervision
By ABA Banking Journal Staff
AI Summary
ABA recommended third-party service providers enhance transparency and support innovation; steps include regular risk assessments and clear communication channels.
Texas Relevance
The article does not explicitly mention Texas, TX, TCUD, or any Texas-specific entities. The recommendations are broadly applicable to the financial sector but do not have a specific impact on Texas credit unions.
Original Content
In response to a recent OCC request, ABA offered several recommendations for steps third-party service providers should take to support financial sector innovation and increase competition and market transparency. The post ABA offers recommendations for improving third-party supervision appeared first on ABA Banking Journal .