Recognizing and Preventing UDAAP


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 Act—the primary federal law that prohibits unfair or deceptive acts or practices and unfair methods of competition affecting commerce.

Updated: Apr. 2017
Re-versioned: Mar. 2016

Learning Objectives

After completing this course, students 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  

Audience

All consumer lenders.

​Course Credits

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​Questions? Please contact training@aba.com for more information.
 

 Benefits of Self-Paced Training

 
  • Ultimate flexibility
  • Quizzes to support learning
  • Mobile format available
 

 Frontline Compliance

 
This course is available to ABA Member banks at no cost under a license agreement. Learn more
 

 Registration & Pricing

 

ABA Member • $95
Non-Member • $130

 

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