Professional Bio

Lyn Farrell and Catherine Brown to Speak for California Bankers Association Webinar
Date: September 20, 2011
Time: 11:30 AM - 1:30 PM Pacific Time
Topic: Don't Get Lost in UDAAP - How to Find Your Way as Regulators Shift Focus

The top compliance risk is suddenly UDAAP – unfair, deceptive and abusive acts and practices – which has become a de facto mandate to assure that all banks are “fair” as well as compliant. (Abusive is emphasized because it is a new factor in what used to be only “UDAP.”) Meeting this risk will require fundamental change. The pace, scale and nature of this change cannot be well handled through the traditional bank compliance management model. It’s time for a compliance metamorphosis.

The impact UDAAP has will be wide-ranging, and strategic bank leaders are examining the impacts and adjustments in regards to:

What types of practices are deceptive?
What constitutes “abusive” practices?
How compliance programs must change to manage UDAAP risks.

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