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Compliance Action, Volume 17, Number 12

October 10, 2012

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

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

Executive Editor:
Lucy H. Griffin, Esq.
Board of Advisors:
Patti Blenden
John S. Byrne, Esq.
David Battle
Robert P. Chamness
David Dickinson
Phillips G. Gay, Jr.
Barbara Hurst
Robert G. Rowe, III, Esq.
Michael D. Maher
Andy Zavoina

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Bankers' Hotline

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