UDAAP And The Risks
Justin brings over 20 years of wide-ranging experience in compliance,
training, and regulation in the financial services sector. Most
recently, he served as Head of Compliance Training at Bank of China
where he led the compliance training function and created and monitored
the annual training plan through a thorough training needs analysis.
Previously he served as Macquarie Group’s Head of Americas Compliance
Training and JPMorgan Chase’s Compliance Training Manager. Justin also
worked for FINRA, a US regulator, where he created Examiner University
to train examiners on how to perform their function.
During this webinar, we will review a definition of an unfair act or practice, and unfair and deceptive credit under UDAAP, and unfair debt collection under the Fair Debt Collection Practices Act. Due to the ever-changing regulatory landscape for financial institutions, rules & regulations that address UDAAP are important to understand. Discrimination is becoming a topic that learners need to understand, whether or not it’s intentional or unintentional.
- Overview and background of UDAAP
- Identify the elements that make a practice unfair, deceptive, or abusive
- Identify proactive steps that you can take to avoid UDAAP violations
- Future changes
Course Level - Intermediate
Who Should Attend
Financial services and anyone dealing with the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC), and the Consumer Financial Protection Bureau (CFPB).