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UDAAP: How Does It Apply To Your Financial Institution? Webinar

UDAAP – Unfair, Deceptive and Abusive Acts and Practices.  If your financial institution offers loans or deposit accounts, you need to have a game plan for the revised UDAAP standards.  Don’t be fooled that UDAP is simply a “big bank” problem.  Since 2008, 43% of UDAP violations cited by the FDIC were for financial institutions with total assets of $250 million or less. A bank in Texas, supervised by the OTS, was fined $400,000 and ordered to reimburse $12 million to customers for ODP “abusive” charges in 2010.  This bank had less than $86 million in assets. What did they do wrong?  How does it compare to your financial institution’s ODP program?

If you have customers, then this UDAAP training webinar is for you.  Learn how Unfair or Deceptive or Abusive Acts or Practices (UDAP) could apply to your financial institution.

Covered Topics:

• The definitions of UDAP and UDAAP, including examples of the standards for “unfair”, “deceptive” and “abusive” acts or practices
• Discussion of potential risks and recent UDAP court cases
• Learn how UDAP problems can result in a lower CRA rating
• Managing Third Party Risks and UDAP
• What are the four “P’s” of deception in advertising? Do’s and don’ts from the FTC
• Potential impacts of the Dodd-Frank Act on UDAAP
• Best practices to avoid UDAP problems
• Helpful UDAP compliance resources and regulatory guidance

Who Should Attend:  Compliance Officers, Risk Managers, Senior Management, Marketing staff, and Product Development specialists will find this session very beneficial.

Presenter:  Susan Costonis

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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