UDAAP Archives - M&M Consulting

Unfair, Deceptive, Abusive Acts and Practices (UDAAP) – You Need to Do the Math Pt. II

by M&M Consulting | Mar 20, 2023 | UDAAP

Imagine a consumer not being able to recalculate a fee on their monthly deposit account statement based on the information in the statement? It could happen, and it could be a UDAAP as well as a violation of Truth-In-Savings (TISA) Regulation DD. Assume Bank XYZ has a...

Reviewing for Potential UDAAP Issues

by M&M Consulting | Mar 17, 2023 | UDAAP

Reviewing For Potential Unfair, Deceptive, Abusive Acts and Practices (UDAAP) Issues: On March 8, 2023, the CFPB issued a special edition of their Supervisory Highlights publication to highlight issues noted at financial institutions and servicers regarding junk fees....

Unfair, Deceptive, Abusive Acts and Practices (UDAAP) – You Need to Do the Math Pt. II

Reviewing for Potential UDAAP Issues

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