Banker's Compliance Consulting Blog

What is UDAAP?

Written by Jerod Moyer | Nov 14, 2022 4:57:49 PM

What does it mean for something to be unfair, deceptive, or abusive? Unfortunately, it’s often quite subjective and open to interpretation by examiners. Being an employee of a financial institution, you know too much. You have to remember that your knowledge of financial products and services is not the same as a typical consumer. It helps to take a step back and look at your products, services and practices through a different lens.

Jerod explains more in the video.

 

Published
2022/11/14