Wednesday
Jun 16
2021

UDAAP & Consumer Protection: Heightened Scrutiny Under a New Administration

Registration Options & Pricing

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On-Demand Access Includes:

  • Unlimited Access to Webinar Recording
  • Can be viewed anytime 24/7, beginning 2 business days after the webinar
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your bank
  • Presenter’s contact info for follow-up
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This is a 90-minute webinar.

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

U-turn? You bet! UDAAP and consumer protection are back in full effect. The CFPB’s ability to use their full supervisory enforcement authority has been reinstated – a dramatic regulatory shift from one administration to the next. Are you prepared for the renewed focus on consumer protection?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

  • Recognize areas of increasing compliance risk
  • Appreciate the renewed compliance focus
  • Avoid UDAAP infractions by using recent guidance
  • Comply with CFPB’s clarification that discrimination based on gender identification and sexual orientation is prohibited under ECOA
  • Prepare for the compliance management system examination

WEBINAR DETAILS

The CFPB is making a regulatory U-turn. A Trump-era policy restricting the ability to utilize UDAAP was recently rescinded. Under the Biden administration, the CFPB can again use their full supervisory enforcement authority to address unlawful or abusive acts or practices. The CFPB also issued an interpretive rule clarifying that discrimination based on gender identity or sexual orientation is prohibited under the Equal Credit Opportunity Act and Reg B.

Regulators have indicated they will step up consumer protection efforts due to lapses found during examinations. Unfortunately, increased regulatory scrutiny usually increases litigation risk. These events should sharply focus every financial institution on having a robust compliance management system to abide by all laws, rules, and regulations, and also understand and appreciate the changing regulatory climate. Join veteran compliance attorney David Reed as he cuts through the regulatory speak and highlights the current consumer protection landscape outlining essential steps institutions should take to protect themselves.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is designed for senior executives, directors, managers, lending staff, compliance personnel, audit staff, and anyone involved with compliance and the regulatory examination process.

TAKE-AWAY TOOLKIT

  • Sample compliance management system policy
  • UDAAP prevention checklist
  • Recent regulatory guidance
  • Employee training log
  • Interactive quiz

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NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

MEET THE PRESENTER

Reed & Jolly, PLLC
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