Description:
As fraud, crypto, and AI reshape financial services, the risk of UDAAP violations continues to grow. New tools and technologies can improve efficiency—but if misused, they may result in harm to consumers or cross regulatory lines. This session explores the evolving UDAAP landscape in high-risk areas, recent enforcement trends, and how to stay compliant without stifling innovation.
Who This Is Designed For: Compliance officers, legal teams, auditors, and risk managers at fintechs, MSBs, and banks who are responsible for identifying, managing, and mitigating UDAAP exposure in products, services, and marketing practices.
Agenda:
Understanding UDAAP today – A refresher on unfair, deceptive, and abusive acts and how expectations have shifted.
How AI can create unintended harm – Explore use cases where automation and algorithms may lead to bias or mislead consumers.
UDAAP pitfalls in crypto offerings – Look at where digital assets and marketing practices can become deceptive or abusive.
When fraud response becomes a risk – Learn how certain fraud tactics (like aggressive recovery or freezing access) can violate UDAAP.
Regulatory focus areas for 2025 – Review recent enforcement actions and what they signal about shifting priorities.
Building guardrails into high-risk programs – Practical ways to stay compliant while working in fast-moving, high-risk environments.
"The troublesome extra 'A' - How UDAP evolved into UDAAP along with the challenges
By the end of this webinar, you will know how to:
Identify high-risk areas where UDAAP violations are likely, including AI and crypto offerings
Assess products, services, and marketing practices for potential consumer harm
Apply practical guardrails to prevent violations while enabling efficient operations
Understand recent enforcement trends and regulatory expectations for 2025
Incorporate UDAAP risk management into broader compliance and risk frameworks