We use cookies to deliver our online services. Details of the cookies we use and instructions on how to disable them are set out in our Cookies Policy. By using this website you agree to our use of cookies. To close this message click close.

FFIEC proposes social media compliance guidance; comments due March 25, 2013

25 January 2013

Financial Institutions Group Alert

The Federal Financial Institutions Examination Council (FFIEC) has released proposed guidance on the use of social media by financial institutions, including banks, credit unions, and non-bank entities supervised by the Consumer Financial Protection Bureau. The proposed “Social Media: Consumer Compliance Risk Management Guidance” (Proposed Guidance) defines “social media” broadly to including micro-blogging sites (like Google Plus, Facebook, MySpace, and Twitter), online forums, blogs, bulletin boards, customer review sites, photo and video sharing sites, professional networking sites, virtual worlds, and online social games.

Link: http://ehoganlovells.com/cv/047ecaaacb3550f72d4970362a3d06c1c64b920c

The team

Loading data