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Last update: 04/20/14

Online: Understanding UDAAP

Unfair, deceptive, or abusive acts and practices (UDAAPs) can cause significant financial injury to consumers, erode consumer confidence, and undermine the financial marketplace.

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 act or practice. This includes banks. Unfair, deceptive, or abusive acts and practices (UDAAPs) can cause financial injury to consumers, harm consumer confidence, and undermine the financial marketplace.

This program contains 1 modlue(s)

1 CPE Credit(s)

Category:  Compliance - Bank Specific

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