How to Develop a UDAAP Compliance Management System - 2012
Presented by
Jack Holzknecht
Recorded on September 2012
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2.0 hours
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The Dodd-Frank Act recently expanded the topic from UDAP to UDAAP by adding rules for abusive acts or practices. Regulatory agencies have been placing increased attention on the topic for several years and that attention is expected to increase over the next several years. The purpose of this program is to help you to develop a complete compliance management system (CMS) for UDAAP.
WHY?
A significant number of financial institutions have felt the sting of enforcement actions as a result of engaging in unfair deceptive or abusive acts or practices. When problems arise with UDAAP the regulators require the bank to develop a CMS. But don't wait until you are required by the regulators to develop your CMS. Develop it now. A well-developed CMS prevents UDAAP problems.
Program Content:
Upon completion of the program you will understand how to establish and maintain a fair lending training system by;
Develop a UDAAP risk assessment;
Develop a UDAAP policy and procedures;
Conduct and document UDAAP training; and
Develop and maintain a UDAAP internal audit/review program.
Find out How to Develop a UDAAP Compliance Management System that can reduce the risk that your bank will be cited for UDAAP violations, in this critically-important webinar from Jack Holzknecht and BOL Learning Connect.
Jack Holzknecht
How to Develop a UDAAP Compliance Management System
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