Regulatory Alerts2024-10-11
Credit Bureau Industry Comments on Outsourcing Standard
The regulatory authority issued this document to codify industry feedback regarding the outsourcing standard for credit bureaus. It mandates specific compliance requirements and operational controls that these agencies must implement when contracting third-party service providers. The finalized framework, updated in October 2024, establishes enhanced risk assessment protocols and continuous monitoring obligations to ensure service continuity and data security.
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