FFIEC Finalizes and Clarifies Its Social Media Policy

The Federal Financial Institutions Examination Council (FFIEC) recently released its final supervisory guidance on social media use.  In January 2013, we wrote about the FFIEC’s proposed guidance in connection with the applicability of existing laws and policies to the social media activities of financial institutions. Since that time the FFIEC received 81 official comments on its proposal. The final guidance is not markedly different from the proposed guidance but clarifies the proposal in a few areas. CONTINUE READING...