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SOCIAL MEDIA – CONSUMER COMPLIANCE RISK MANAGEMENT GUIDANCE

On January 23, 2013 the Federal Financial Institutions Examination Council published proposed guidance entitled “Social Media: Consumer Compliance Risk Management Guidance’’ (guidance). Upon completion of the guidance, and after consideration of comments received from the public, the federal financial institution regulatory agencies will issue it as supervisory guidance to the institutions that they regulate. Those institutions will be expected to use the guidance in their efforts to ensure that their policies and procedures provide oversight […]

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