Interested in learning more about how to define a strong compliance management system, and details on those three lines of defense? This post is for you.
UDAAP is an important area of focus for compliance officers and financial institutions, and continues to make headlines. One of the most challenging areas is how to define unfair, deceptive, and abusive acts and practices for UDAAP compliance. If that's a challenge you're facing, this post is for you! In this post, you'll learn how to define UDAAP, and a few best practices for managing your UDAAP compliance risk.
Experts agree that it’s not a matter of if coronavirus is going to impact your business—it’s a matter of when. As COVID-19 spreads across the country at an alarming pace, creating panic, quarantines, and serious health risks, it’s important to make sure your financial institution is doing everything it can to limit the risks the virus poses.