Start Date: 11/25/2024 9:00 AM MST
End Date: 11/25/2024 10:00 AM MST
Location:
United States
Section 5 of the Federal Trade Commission Act (FTC Act) prohibits business practices that are unfair or deceptive. The Dodd-Frank Act added the concept of “abusive” acts or practices, providing the Consumer Financial Protection Bureau (CFPB) with rulemaking and enforcement authority to prevent unfair, deceptive, or abusive acts or practices (UDAAPs) in connection with any consumer financial product or service.
The CFPB has issued multi-million-dollar enforcement actions for UDAAP violations against various large institutions under their supervision. All financial institutions are well advised to pay close attention to the “new normal” of consumer protection. Regulators have increased the focus on UDAAP issues and have targeted “junk fees” and overdraft practices. Attend this webinar and learn 10 essential tips for managing UDAAP risks at your financial institution.
.jpg)