Kathlyn L. Farrell, B. Scott Fisher, and Carl G. Pry to Present: Best Risk Management Practices for Marketing and Sales UDAAP Compliance
Date: Thursday, October 27, 2016
Time: 2:00 PM - 3:30 PM ET
Topic: Best Risk Management Practices for Marketing and Sales UDAAP Compliance
The increase in regulatory and congressional scrutiny on sales and incentive practices should cause every retail banker and compliance manager alike to review their institutions' sales practices and incentive programs for potential Unfair, Deceptive or Abusive Acts or Practices (UDAAP) issues.
In this briefing, we will discuss the best practices in designing and executing UDAAP controls within sales and incentive programs. Specifically, we will examine the management of sales incentives, both in deposit and lending products.