Anytime you talk about something being unfair, deceptive, abusive, etc., it’s reasonable to assume that if examiners find you doing such things it will get your financial institution into hot water. Avoiding UDAAP violations is all about awareness.
Jerod explains more about UDAAP in the video.
The video clip was taken from the “Unfair, Deceptive or Abusive Acts or Practices” session of our 2021 Virtual Deposit Conference.
The Virtual Deposit Conference, as well as the Virtual Lending and Virtual BSA/AML Conferences are all available to purchase now OnDemand. Check it out!
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!