UDAAP:

MyNightmare 🇺🇸 krs6670 Insurrection Barbie Absolutely false.

Read the FCRA and UDAAP.

MyNightmare 🇺🇸 krs6670 Insurrection Barbie Nightmare - your statement is grossly misinformed.

Banking, regulatory reform, financial crimes, AML/BSA, FCRA, UDAAP, CPFB, is my expertise. Been in risk management and fraud for 20 years.

So, I’ll break down your statement:

1. Glass-Steagall Act and Financial Markets:…

Also this copy would probably flag you for some kind of UDAAP violation

Good thing this is moving along but UDAAP thinks 16 stories is “too tall” for the corridor, but doesn’t have issue with a 500-space parking garage adjacent to a major transit corridor.

UDAAP very well may kill this by a thousand cuts. It has a track record of doing as much.

🚨Mr. Cooper

Customer data was compromised.

Operations not fully restored.

Article on NPR Saturday essentially hinting that Mr. Cooper violated UDAAP

Happy Monday

npr.org/2023/11/11/121…

This is a classic case of UDAP: unfair and deceptive practice that gets highlighted in all related corporate training programs.

#UDAAP #UDAP

Not arguing with the point about the garage but I’m beginning to think UDAAP might just have a problem with MCB… bizjournals.com/baltimore/news…

Latest Musings discusses the new designation (politically important financial institutions), the Bank Term Funding Program, why community bank deposits are sticky, UDAAP violations, employee engagement, entry level employee retention, ECIP & more - tinyurl.com/2p88bmdp

Are Deceptive Patterns built into your platform - #DarkPatterns #UDAAP deceptive.design

Comment from my daughter: “Mom is a photographer and a professor. And Dad, you make acronyms.” #CFPB #CRA #FPC #UDAAP #EFTA #OCC #FDIC #EWA #BNPL NCRC CFA (@ConsumerFed)

It’s time for a website review. Our audit team can catch missing or inaccurate trigger term disclosures and potential UDAAP violations before your examiners do. Make sure you’re in compliance! Email [email protected] to schedule.
#CreditUnions #Compliance #WebsiteReview

We need to pass and enforce strong consumer protection laws, especially those that prohibit unfair, deceptive, or abusive acts or practices (often referred to as UDAAP laws).

This actually reminds me of a concept from the anual UDAAP trainings when I worked in mortgages. Even if you apply something consistently to all, if it negatively affects only certain groups (disparate impact) it's still unfair and is prohibited.

Yes!

'The increase was even greater among borrowers with lower credit scores'

As many realtors and loan officers said 'date the rate'.....higher for longer turns that statement into a UDAAP issue as well (unfair, deceptive, abusive acts and practices)

H/T: JuliusMiami

Enlightening discussion today w/John Coleman, Andrea Mitchell, Nanci Weissgold, Robert Maddox, Bradley at Mortgage Bankers Association Mid-Winter Housing Finance Conf! Delved into CFPB examination and enforcement, redlining, UDAAP, and Fair Lending.

Rob I’m surprised that’s not considered a UDAAP violation.

Baltimore Skyline (Chris B.) The UDAAP that just said a building was too tall in downtown that was like 18 stories 🤣🤣

How to ensure compliant auto finance communications - Read how advanced CCM technology is reshaping auto finance communications, enhancing compliance and driving operational efficiency.
#autofinance #CFPB #UDAAP #regulatorycompliance #CCM ...
hubs.li/Q02tlN2K0