The legal and regulatory requirements of Unfair, Deceptive, or Abusive Acts and Practices (“UDAAP”) are vast. Indeed, several regulatory frameworks interlock in an overall matrix of UDAAP mandates.
However, providing a small set of higher risk categories is possible. I do not claim that my suggestions are comprehensive. That said, you should be able to pivot from them in the context of UDAAP training.
There are at least three higher risk categories associated with UDAAP. I believe these would be the challenges posed by advertising, products, and third party relationships.
Consider the following suggestions for higher risk areas of UDAAP.
