Compliance Action, Volume 17, Number 12

Whapped by UDAAP (5 Action Steps)

By Lucy Griffin

Recent UDAAP enforcement action taken by the FDIC and CFPB focused on marketing practices and the accuracy and timing of information in product disclosures.

And More UDAAP Whapping (4 Action Steps)

By Lucy Griffin

Enforcement action taken against American Express and Centurion Bank (AECB) not only involved UDAAP but included violations of the TILA, FCRA, and Equal Credit Opportunity Act.

Action Training
UDAAP Training: Who Needs It? (Checklist)

By Lucy Griffin

The recent well-publicized UDAAP enforcement cases highlight the need for UDAAP training within all areas of your institution.

Compliance Notes

• FDIC and Economic Inclusion
• CFPB and Student Banking
• FinCEN Query
• Do Not Call!
• CFPB Study on Credit Scores

Compliance Calendar

In the Editor's Opinion
Supervision v. Enforcement

By Lucy Griffin

Regular supervision requiring consistent compliance is far more effective in bringing about industry change than the classic enforcement method of investigate-and-sue.

Compliance Q & A

• What Is Considered An Abusive Practice?
• Flood Notice for a Refinance
• Force-Placing Flood Insurance on a New Loan
• Processing Order for Posting Checks