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Banker’s Academy Updates Compliance Training to Include Unfair and Deceptive Acts or Practices
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Banker?s Academy Updates Compliance Training to Include Unfair and Deceptive Acts
or Practices
Edcomm Banker?s Academy has updated its Compliance training programs to include the
Joint Guidance on UDAP.
New York, NY, November 13, 2009...
[Plus]
Banker?s Academy Updates Compliance Training to Include Unfair and Deceptive Acts
or Practices
Edcomm Banker?s Academy has updated its Compliance training programs to include the
Joint Guidance on UDAP.
New York, NY, November 13, 2009 -- Edcomm Banker?s Academy has updated its
Compliance training programs to include the Joint Guidance on Unfair and Deceptive
Acts or Practices (UDAP).
Focus on Compliance has been revised as part of Edcomm
Banker?s Academy?s commitment to providing the most up-to-date and pertinent
financial services information.
The Joint Guidance on Unfair and Deceptive Acts or Practices (UDAP) outlines the
standards that the Federal Deposit Insurance Corporation (FDIC) and the Federal
Reserve Board (FRB) will consider when applying the prohibitions against UDAPs
found in the Federal Trade Commission (FTC) Act.
The document also provides advice
on managing risks relating to UDAPs.
The FDIC requires that all financial
institutions eliminate the use of UDAPs in ever
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