UDAP, UDAAP and the MAP Rule Compliance BasicsOn September 12, 2021 by Schnader
EVENT DATE: September 12, 2021
Stephen A. Fogdall presented a session about “UDAP, UDAAP and the MAP Rule Compliance Basics,” on September 12, 2021 at the Regulatory Compliance Conference of the Mortgage Bankers Association. Fogdall is Co-Chair of Schnader’s Financial Services Litigation Practice Group.
This program provided an overview of the rules, an explanation of unfair, deceptive, and abusive practices and the scope of the MAP Rule, along with its prohibited representations and record-keeping requirements. Additionally, this course covered how UDAP and UDAAP interplay with state and federal laws, and offered guidance for staying compliant with the rules.