Understanding the Impact of Interagency Guidance on Third-Party Relationships

In the dynamic landscape of financial services, the relationship between financial institutions (FIs), fintech companies, and third-party service providers has become increasingly complex. This session delves into the profound impact of interagency guidance on these relationships, exploring key aspects such as banking as a service (BaaS), the role of fintechs, middleware providers, and the implications for FDIC insurance. This session will explore practical examples and case studies to illustrate the challenges and opportunities presented by these evolving dynamics while examining the regulatory considerations and strategic implications for FIs engaging in BaaS partnerships. Speakers will also discuss the regulatory expectations and compliance challenges faced by fintechs and middleware providers in their partnerships with FIs, how third-party relationships influence FDIC insurance coverage and risk assessments for FIs and real-world examples of consent orders and enforcement actions.

Speaker: 

Matt Luzadder, Kelley Drye & Warren LLP

*This recording is not eligible for continuing education credits.

Tag(s): PLCS 2024, Compliance, Legal