Description
This course describes the elements of unfair, deceptive, or abusive acts and practices (UDAAP) under federal laws. Explains how to promote compliance and best practices to avoid UDAAP claims. Also covers the Credit Practices Rule that prohibits certain practices and requires disclosures that must be provided to loan co-signers. (UDAAP advertising matters are covered in the ABA Frontline Compliance course UDAAP for Marketers.)
What You’ll Learn
After completing this course, students will be able to:
- Describe the federal laws covering UDAAP
- Recognize the elements of unfair, deceptive, and abusive acts or practices
- Identify how to promote compliance and best practices to avoid UDAAP claims
- Explain the Credit Practices Rule and the cosigner rules
