Unfair, Deceptive or Abusive Acts and Practices is a daunting topic for even the most experienced compliance professional. UDAAP has the potential to rear its ugly head with any product, service, employee or department. Each bank must develop a risk-based approach to managing and identifying UDAAP risk. This informative session will help bankers identify UDAAP risk using their existing Compliance Management Systems and develop a UDAAP monitoring process.
Because some of the best lessons can be learned by considering the missteps of others, we will review recent UDAAP enforcement actions and discuss the possible root causes and the processes to consider to prevent similar occurrences. Regulatory agencies, in particular the FDIC, have increased their focus on consumer harm. We will Identify key trends and hot topics on their UDAAP agenda.
Join BOL Guru Brian Crow as he covers:
- UDAAP risk assessments
- UDAAP enforcement
- FDIC Assessment of Risk of Consumer Harm (ARCH)
- Tips for monitoring and prevention
- Culture of compliance
- Board oversight
- Staff training
Written materials will include an example of a UDAAP Risk Assessment matrix.
Who Should Attend:
Compliance Officers, Auditors, Risk Management Officers (or anyone completing risk assessments), Loan and Deposit Operations
Fabulous!!! Content was comprehensive and presenter was entertaining.- Dmccoy
Well formatted and presented- sbarnett
very knowledgable - mjnipstad
Managing UDAAP Risk
Questions and Answers