Understanding UDAAP

In this Understanding UDAAP online training course, we will discuss UDAAPs.  Unfair, deceptive, or abusive acts and practices (UDAAPs) can cause significant financial injury to consumers, erode consumer confidence, and undermine the financial marketplace.  This course will explore the policies, procedures, processes, and controls at your bank concerning liabilities to ensure function and compliance.

The Dodd-Frank Act makes it illegal for any provider of consumer financial products or services or a service provider to engage in any unfair, deceptive, or abusive acts or practices.

Course Learning Objectives

By taking this online Understanding UDAAP course, the user will learn to:

• Test the policies, procedures, processes, and controls at your bank concerning liabilities to ensure function and compliance.

Course Outline

This online Understanding UDAAP course is made up of the following sections:

1. Auditing Deposits
2. Controls
3. Sample Violations
4. Creating a UDAAP Compliance Program

Course Audience

This Understanding UDAAP online training course was designed for bank employees.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.