As the industry witnesses the federal approach to Unfair, Deceptive, or Abusive Acts or Practices becoming less aggressive, many think the focus of UDAAP will shift to state developments, reinforcing the importance of strong policies and procedures in avoiding enforcement actions.
ComplianceMarch 31, 2025
The future of UDAAP: Look to the states?
Related Insights
-
ArticleComplianceApril 30, 2025
Maximizing internal audit effectiveness through external quality assessments
One of the key processes that bolsters the trustworthiness and effectiveness of the internal audit function is the external quality assessment (EQA). -
ArticleComplianceApril 29, 2025
7 reasons why lenders need compliant, efficient document generation ― and how automated solutions can help
Automated document generation is crucial for lenders to meet compliance, streamline processes, and mitigate risks. It enhances efficiency, improves customer experience, supports scalability, and ensures audit readiness, making it a vital tool. -
ArticleComplianceApril 29, 2025
Default judgments: A cautionary tale for lawyers acting as registered agent
Lawyers acting as registered agents face risks, including default judgments. This article explores these risks and highlights the benefits of using corporate service providers to ensure compliance and reduce liabilities for both lawyers and clients. -
ArticleComplianceUpdated April 28, 2025
Understanding sales tax in the reselling industries
Learn about sales tax for resellers, including exemptions, compliance, and the impact of trade-ins and internal consumption on tax liability.
