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#1185652 - 05/18/09 07:12 PM UDAP vs Reg AA
M Cockrell Offline
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M Cockrell
Joined: Jan 2003
Posts: 1,048
Dallas, TX
Is there a distinction between Unfair or Deceptive Acts or Practices (UDAP) & the Credit Practices Rule (Regulation AA)?

If so, how do they differ (in other words, what am I missing)?

If not, why does the FDIC's Compliance Examination Handbook have them listed separately (see Chapter 7: Abusive Practices)?
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Lending Compliance
#1185713 - 05/18/09 07:52 PM Re: UDAP vs Reg AA M Cockrell
Richard Insley Offline
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Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
Reg AA addresses specific practices. UDAP is wide open--regulators can use it for just about anything they want.
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