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Month: March 2022

Under Udaap complaints have increased risk to a business

Under Udaap complaints have increased risk to a business

What represents a higher risk for UDAAP compliance? Lack of awareness of the product or service’s major risks, costs, or conditions; inability to safeguard its interests when selecting or utilizing a consumer financial product or service; or reasonable reliance on a covered person to act in the consumer’s best interests. What are UDAAP risk factors? …

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