TOPIC: UDAAP

7 of the most confusing areas of compliance, explained! (plus lots of resources)

Confounded by Community Development? Perplexed by UDAAPs? Baffled by Beneficial Ownership? Flummoxed by Fair Lending discrimination? If so, you're not alone! Here are 7 compliance topics that are widely regarded as the most complex - with tips, tricks, and lots of great resources to help make them easier to manage. Read the post here: https://www.trupointpartners.com/blog/most-confusing-areas-of-banking-compliance-for-compliance-pros


    Two updated UDAAP articles

    Hi all! I wanted to let you know that we updated our most popular UDAAP article from our website and also added another. The first article provides helpful, clear, regulator-approved definitions for unfair, deceptive, and abusive in UDAAP compliance. The second one provides three tips for how to avoid UDAAP compliance risks. Here they are:

    We also have a free UDAAP resource that provides these definitions, plus 17 best practice tips for UDAAP compliance. You can get that for free here: https://www.trupointpartners.com/udaap-compliance-info-kit

    Since these have been updated, I thought it might be helpful to share with the group here. Thanks so much!

      Don't Miss Out! February Webinar - Mastering UDAAP Vendor Risk

      You are invited to our February webinar discussing the do's and don'ts of mastering UDAAP vendor risk. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

      Violations of unfair, deceptive, or abusive acts or practices (UDAAP) are among the most common—and expensive—enforcement actions that banks and credit unions face. Yet these violations don’t occur in a vacuum. They are preventable with careful risk management.

      Join us for an engaging webinar for practical insights into:

      • Activities that pose significant UDAAP risk
      • UDAP vs UDAAP
      • Why consumer complaints matter
      • Analysis of violations: Mortgage servicing and payments (e.g., credit cards and offsets)
      • Avoiding violations with internal and external controls
      • How to risk assess policies and procedures to avoid internal UDAAP transgressions
      • Controlling third-party UDAAP risk

      Don’t miss this opportunity to learn how to manage and mitigate UDAAP risk.

      Register Today!

        February Webinar: Mastering UDAAP Vendor Risk

        You are invited to our February webinar discussing the do's and don'ts of mastering UDAAP vendor risk. Register for free today! If you are not able to make it to the live event, the recording will be available for download afterwards.

        Violations of unfair, deceptive, or abusive acts or practices (UDAAP) are among the most common—and expensive—enforcement actions that banks and credit unions face. Yet these violations don’t occur in a vacuum. They are preventable with careful risk management.

        Join us for an engaging webinar for practical insights into:

        • Activities that pose significant UDAAP risk
        • UDAP vs UDAAP
        • Why consumer complaints matter
        • Analysis of violations: Mortgage servicing and payments (e.g., credit cards and offsets)
        • Avoiding violations with internal and external controls
        • How to risk assess policies and procedures to avoid internal UDAAP transgressions
        • Controlling third-party UDAAP risk

        Don’t miss this opportunity to learn how to manage and mitigate UDAAP risk.

        Register Today!

          Regulatory Compliance To-Do List: Q4 2018

          For those of you who may have missed our Q4 Regulatory Compliance Update, we've put together a to-do list of the most timely, important things to consider as you kick off 2019! Download the checklist now and keep an eye out for registration details for our next Regulatory Compliance Update on January 22nd! http://www.pkm.com/resource/regulatory-compliance-to-do-list-q4-2018/

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