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Overview
Why You Should Attend:
The Consumer Financial Services 101 Studio Briefing series addresses fundamental laws and regulations underpinning the consumer financial services legal framework. This series brings together experts from a range of perspectives in consumer finance as they discuss topics that define how the current body of laws and regulations in a particular subset of consumer finance law developed.
This episode reviews the legal and regulatory framework behind Unfair, Deceptive (and Abusive) Acts and Practices (UDAP). Our faculty discuss acts and practices that may fall within UDAP’s purview and how financial institutions, and practitioners engaged in UDAP matters, can spot UDAP red flags and avoid potential pitfalls. The agenda also features a practical discussion of recent regulatory activity, how algorithms may be potentially deceptive and related best practices for practitioners in this area of consumer finance law.
What You Will Learn:
- Explaining how acts and practices are identified as unfair, deceptive, or abusive – the basic prongs and example cases• Spotting Red Flags – how financial institutions can identify and avoid potential UDA(A)Ps
- Reviewing Regulatory Activity – federal and state supervisory and enforcement activity that can have an impact on financial institutions
- Discussing today’s big issues, such as whether discrimination is potentially unfair and whether algorithms are potentially deceptive
- Sharing final thoughts on best practices for practitioners
Who Should Attend:
Attorneys in the early stages of consumer finance law practice should find this program to be informative.
PLI’s Studio Briefings are on-demand video CLE programs that feature an intimate and engaging round table discussion format with legal and industry experts addressing a range of topics. Visit our landing page for our library of PLI Studio Briefings.