What's a UDAAP?
7 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
After the 2008 financial crisis, the Dodd-Frank Act made it unlawful for financial providers to engage in unfair, deceptive, or abusive acts or practices, known as UDAAPs. This course explains them.
What this course covers:
- What a UDAAP is under the Dodd-Frank Act
- How UDAAPs affect consumers
- How UDAAPs affect the financial industry
- Real examples of UDAAPs
- How the law is enforced
Ideal for compliance and frontline financial staff who need to recognize and avoid UDAAPs.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course explains what a UDAAP is under the Dodd-Frank Act, the law passed after the 2008 financial crisis that made unfair, deceptive, or abusive acts or practices unlawful for financial providers to engage in. This detail sits at the center of what the UDAAP compliance course is meant to teach.
It covers how UDAAPs affect consumers, showing compliance and frontline staff the direct harm these unfair or deceptive practices can cause to the people financial providers serve on a daily basis. It is one of the specific points the course on the UDAAP compliance walks through in depth.
The course also examines how UDAAPs affect the financial industry, connecting individual instances of misconduct to wider consequences that ripple across financial providers and the markets in which they operate. The course keeps this grounded in the practical realities covered under the UDAAP compliance.
Yes, real examples of UDAAPs are included, giving compliance and frontline staff concrete illustrations of the practices to watch for rather than leaving them with only abstract legal definitions. This is a core thread the UDAAP compliance material returns to throughout the lesson.
It covers how the law is enforced, rounding out the course with the regulatory consequences financial providers face for engaging in unfair, deceptive, or abusive acts or practices under Dodd-Frank. It reflects the kind of applied detail the course builds into its coverage of the UDAAP compliance.
