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CFPB and UDAAP: Marketing and Advertising Compliance Webinar

With everything going on in the financial services industry, more than ever it is important that your advertising and marketing efforts are effective. Regulator and examiner attention to your advertising and marketing efforts is at an all-time high. There are many new requirements, plus advertising is being looked at in a different way than before. The CFPB now has authority over the consumer regulations that control advertising. There are new standards to observe, especially when it comes to UDAAP (Unfair, Deceptive, or Abusive Acts or Practices). In the rush to attract new business and keep the clients you have, compliance requirements can be easily be missed or ignored. Is your marketing department communicating with your compliance staff?

This session will help. What can you say in advertisements? What do you have to say? What can you not say? There are many different sets of rules that govern these questions, and more are on the way. How about your promotional efforts – contacting prospects and customers to let them know what you have available? As the compliance environment changes and becomes more complex, you have to stay on top of all the rules and regulations. This session can help.

Covered Topics:

•What impact does/will the CFPB have on advertising and marketing?
•New Regulatory Focus: Increased attention to unfair, deceptive, and abusive acts and practices (UDAAP):, plus what may be considered abusive? How can you stay clear of trouble? Don’t miss the forest for the trees
•Advertising rules under Reg. Z for both mortgage loans and open-end plans from the Credit CARD Act
•UDAP standards from the FTC on mortgage loans
•Consumer deposit products in Truth in Savings
•Rules for consumer loan products in Regulation Z
•Fair lending when marketing lending products
•”Equal Housing Lender” statement and the logo – when must these be used?
•Advertising over the Internet and social media – different standards?
•Soliciting via the phone and e-mail: the Telemarketing Sales Rule (TSR), including caller ID requirements, Junk Fax, and CAN-SPAM
•Privacy implications – sharing information under Privacy regulations and FCRA
•Testimonials – FTC standards
•Promotions – drawings, giveaways, bonuses, etc.
•Tax implications, and what not to say when talking about tax breaks
•And more

Plus, frequent question and answer sessions throughout this presentation.

Who Should Attend?

This session would be useful to anyone involved in the development and marketing of your institution’s products and services, including the marketing department, compliance officers, auditors, business managers, sales and service staff, and anyone else whose duties involve promotion.

CE Credits:  2.5 CFMP & 2.5 CRCM

Instructor:  Carl Pry, Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP)

Schedule and Registration Information

Choose the delivery type that best suits your needs.  Tuition includes textbook (if applicable).
Webinar times are EST.  All other class times are local time.

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