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Who is protected by UDAAP?

Question: 
Does UDAAP apply to just consumers, or all customers?
Answer: 

UDAAP rules are targeted to protect your consumer customers, but the reputation and financial risk of being accused of abusing commercial customers would be damaging to a bank. It is always prudent to follow the spirit and intent for all customers.

Learn more about Andy’s webinar UDAAP Reality Check.

First published on 04/24/2016

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