FFIEC Issues Proposed Social Media Guidance

January 30, 2013 Posted in Firm News

Jan. 30, 2013 - Client Alert - The Federal Financial Institutions Examination Council (FFIEC) has published its proposed “Social Media: Consumer Compliance Risk Management Guidance” and has requested comments from industry participants.

Once issued, financial institutions will be expected to use it in their efforts to ensure that their policies and procedures provide oversight and controls commensurate with the risks posed by their social media activities.

Click here to read the full alert.