-
[On-Demand] The Black Hole of UDAAP - Everything Seems to be Getting Sucked In
-
[Live] The Black Hole of UDAAP - Everything Seems to be Getting Sucked In
The Black Hole of UDAAP - Everything Seems to be Getting Sucked In
UDAAP is law (Section 5 of the Federal Trade Commission Act). The challenge today, more than ever, is that what is deemed “illegal” under the Act has become a moving and expanding target. To understand UDAAP today, you have to pay close attention to what the regulators, particularly the CFPB, are saying about what they consider violations and what constitutes consumer harm, or risk of consumer harm. (Live: 8/22/23)
Session Time: August 22nd, 2023 11:00AM - 12:00PM CST
Presenter: Lisa Zigo
UDAAP is law (Section 5 of the Federal Trade Commission Act). The challenge today, more than ever, is that what is deemed “illegal” under the Act has become a moving and expanding target. To understand UDAAP today, you have to pay close attention to what the regulators, particularly the CFPB, are saying about what they consider violations and what constitutes consumer harm, or risk of consumer harm.
We will cover UDAAP as Section 5 of the Federal Trade Commission Act defines “unfair”, “deceptive” and “abusive” acts or practices. We will also discuss:
- Recent agency policy statements, circulars, bulletins and other public statements regarding activities that are considered UDAAP violations and, ultimately, violations of the Consumer Financial Protection Act
- Recent actions taken against banks and nonbanks invoking UDAAP
- What used to be standard banking practice may be deemed ‘illegal” now, even if it’s clearly and conspicuously disclosed to consumers
- Steps you should take to evaluate your UDAAP risk
- Steps you should take to mitigate your UDAAP risk – regulators are providing guidance
Tools:
- Sample UDAAP Risk Assessment
- Sample UDAAP Program
- Sample complaints log
- Sample consumer complaints policy
Intended Audience:
This webinar is intended for Banking professionals, Compliance Officers, or anyone who works with or is interested in UDAAP.
Your registration includes:
- A copy of the presentation materials
- Unlimited video replay for 1 year
- Certificate for Continuing Education upon completion of the course
- 1.0 CPE credit
To receive CPE Credits:
Each attendee must be registered on the paid event registration and attend a full 50 minutes for each CPE credit hour. Each attendee is also required to answer the live polling questions to confirm participation.
CPE Information:
- Prerequisites: N/A
- Advanced Preparations: N/A
- Course Level: Basic
- Group Internet-Based Training
CBANC Network is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org
Refund Policy:
If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.
CBANC Complaint Policy:
The goal of CBANC Education is to provide quality educational content and excellent service to our users. If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.