Unfair, Deceptive or Abusive Acts or Practices for Compliance Professionals
The purpose of this course is to provide students with a better understanding of the emerging compliance risk area of Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) by examining recent regulatory advisories and cases for financial institutions, policy statements and litigation that comprise the framework of this regulation.
Students will learn through combination of instructor videos, exercises, readings, glossaries, self-assessments and more. Students will complete each course with a final exam to earn Certified Regulatory Compliance Manager (CRCM) credits.
After completing this course, students will gain a fundamental understanding of UDAAP, and learn how to:
• Describe the background of UDAAP law
• Recognize unfair, deceptive, and abusive acts and practices
• Identify proactive steps that you can take to avoid UDAAP violations
•Explain how you can help your bank avoid UDAAP claims