Description:
With UDAAP risk expanding in every direction, it’s important to have a robust framework to detect and identify UDAAP risk, measure the efficacy of controls, and accurately be able to report UDAAP residual risk and direction of risk to the Board. In this session, you will learn everything you need to strengthen your UDAAP Risk Assessment for 2025!
Assessing the risk that your institution’s Acts or Practices may be Unfair, Deceptive or Abusive (UDAAP) is not easy. This course will discuss tips for developing and managing a UDAAP Program, and how to assess those program controls with key metrics. We will also cover regulatory expectations, including the OCC’s recent update to their UDAP/UDAAP Comptroller’s Handbook, which includes their new Appendix B UDAAP Risk Assessment Worksheet. If you have any responsibility for creating controls to mitigate consumer harm; identifying, monitoring, measuring, managing or auditing risk of UDAAP harm to consumers or customers; providing reporting or oversight relating to the potential of consumer harm; or just work at a bank – then this Strengthen Your UDAAP Risk Assessment course is for you.
Join us May 1st to learn…
- How UDAAP regulations apply to financial institutions and their operations.
- Step-by-step approaches to assessing UDAAP risks within your institution.
- Strategies for developing and implementing effective monitoring systems for UDAAP risk.
- Best practices for building a compliance program that proactively identifies and mitigates potential UDAAP violations.
- Tools and techniques for effective risk identification during audits.
- Overcome common pitfalls and challenges faced by many managing UDAAP risks within their own organizations.
Reminder: The registration fee includes live attendance AND a playback recording the session, available once the session concludes.
Presenters:
Barbara Boccia, CRCM, MBA, JD
Barbara Boccia has more than 20 years of regulatory compliance experience as a compliance practitioner and consultant across the broad range of A-to-Z consumer regulations, including a deep expertise with principle-based regulations such as UDAAP. She has worked with financial institutions and fintechs of all sizes, supporting exams before the CFPB, Federal Reserve, OCC, FDIC, and NCUA.
Boccia is a well-known industry thought-leader, has presented at many industry events including for the ABA, CBA, and ICBA; and has written articles like “Managing UDAAP in the Digital Age” for ABA and “UDAAP Controls For Managing Risk” for the Journal of Financial Compliance. She is a member of the ABA Risk and Compliance Editorial Board.
She can be contacted via LinkedIn.
May 1, 2025