Anytime you talk about something being unfair, deceptive, abusive, etc., it’s reasonable to assume that if examiners find you doing such things it will get your financial institution into hot water. Avoiding UDAAP violations is all about awareness.
Jerod explains more about UDAAP in the video.
The video clip was taken from the “Unfair, Deceptive or Abusive Acts or Practices” session of our 2021 Virtual Deposit Conference.
The Virtual Deposit Conference, as well as the Virtual Lending and Virtual BSA/AML Conferences are all available to purchase now OnDemand. Check it out!
Published
2021/11/18