We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Managing UDAAP Compliance Risks in Financial Institutions.
- Authors
FARRELL, KATHLYN L.
- Abstract
Compliance with Unfair, Deceptive or Abusive Acts or Practices (UDAAP) principles has become a thorny problem for U.S. financial institutions. The UDAAP regulatory scheme, as embodied by the Consumer Financial Protection Bureau, represents a new approach to regulating financial institutions and the industry has yet to fully adjust. This article reviews the history of UDAAP regulation in the U.S. and then examines the ways financial institutions must change their compliance management programs to minimize the risk of UDAAP violations.
- Subjects
UNITED States; CORRUPT practices of financial institutions; TAXPAYER compliance; UNITED States. Consumer Financial Protection Bureau; TAX administration &; procedure; FINANCIAL services industry taxation
- Publication
Journal of Taxation & Regulation of Financial Institutions, 2013, Vol 27, Issue 2, p21
- ISSN
1547-3996
- Publication type
Article