Type:
On Demand
Duration:
53 Minutes
Member Fee:
$0
Non-Member Fee:
$349
Audience:
Payments Personnel, Retail/Frontline, Senior Payments Personnel, Audit, AAPs, Operations, Cash Management, Check Personnel, Compliance, Credit_Lending, NCPs, Risk, Sales, Treasury, Wire Personnel
The Dodd Frank Act created the CFPB and designated the agency to enforce Unfair Deceptive Acts and Practices. Additionally, the Dodd Frank Act added an A for Abusive to UDAP, making it UDAAP. This session will address the meaning and the significance of the additional "A" and the impact that UDAAP may have on your organization. The CFPB has made its intentions clear as it relates to consumer protection by publishing "Consumer Protection Principles" that express the Bureau's vision for new payment systems which will also be addressed in this session. Order this session covers the requirements of UDAAP, the importance of disclosures that accurately describe products and services,
enforcement actions against financial institutions, and
how to comply with and avoid violations of UDAAP.