Recognizing and Preventing UDAAP

$95.00

SKU: 10287 Category: Tag:

Description

Explores ways to identify whether an unfair, deceptive or abusive act or practice has occurred. Stresses the importance of recognizing the elements of unfair, deceptive or abusive practices; understand the new and existing federal laws and regulations covering UDAAP and proactively helping your bank to avoid UDAAP claims.

Please note: This course uses the term “UDAAP” (instead of UDAP) throughout the course in order to proactively address the new “abusive” standard under the CFPB’s Title X. Most bank regulators, however, are still examining banks under the old UDAP provisions of Section 5 of the FTC Actthe primary federal law that prohibits unfair or deceptive acts or practices and unfair methods of competition affecting commerce.
What You’ll Learn
After successfully completing this course, you will be able to:

  • Recognize the elements of unfair, deceptive or abusive practices
  • Describe the new and existing federal laws and regulations covering UDAAP
  • Explain how you can help your bank avoid UDAAP claims
  • Additional information

    Audience

    All employees with direct customer contact and all marketing employees.

    Credits

    1.25 CRCM

    Member Price

    95.00

    Non-Member Price

    130.00

    Course Number

    ABA

    Location

    Online Self-Paced

    Vendor

    ABA

    Course Code

    ABA

    Prerequisites

    None

    Day

    Online

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