The Dodd-Frank Act gave the CFPB broad discretion in enforcing UDAAP. The CFPB has not issued implementing regulations and is relying on guidance and enforcement actions to ensure compliance. Unfortunately, this leaves many unanswered questions. In this session, we'll cover UDAAP definitions and CFPB enforcement actions, as well as things to consider as you review your credit union's advertisements, products, services, and actions through a UDAAP lens.
Covered Topics
- Explanations of "unfair," "deceptive," and "abusive" acts and practices
- Recent CFPB UDAAP actions regarding indirect lending, advertising and marketing, and denial of credit union services
- UDAAP Risk Assessment and risk mitigation techniques
- Avoiding UDAAP advertising landmines
Who Should Attend?
Compliance, marketing, advertising, PR, legal and risk management staff including Chief Compliance Officers, Chief Marketing Officers and Vice Presidents of Marketing will all benefit from attending this webinar.