Presenter: Daniel L. Huston, CPA, CFIRS, Moss Adams LLP
Date: Tuesday, December 11, 2012
Time: 2:00 - 3:30 pm Central

Focus:
Now that the Consumer Financial Protection Bureau (CFPB) has celebrated its one year anniversary and is moving forward with enforcement activities, there is a renewed and sharper focus on business practices that are considered unfair, deceptive, or abusive (UDAAP).  Activity within the definition of UDAAP can develop rapidly in marketing and delivery of lending and deposit products and services.

How can your credit union identify risks and protect against painful and costly regulatory enforcement actions, civil monetary penalties, and reputational damage that accompany these issues?  Join us to learn best practices and practical management techniques to guard against the UDAAP.

What You Will Learn

• Define unfair, deceptive, and abusive practices in the context of CFPB guidance
• Case studies with practical examples of how to identify these types of practices
• Brief refresher regarding fair lending concepts and examination criteria
• Similarities between enforcement approaches for fair lending violations and UDAAP assertions
• Best practices for identifying red flags that may indicate activities qualifying under UDAAP
• Activities and practices to help identify and mitigate risks
• Resource materials to enhance programs and processes to protect your credit union

Who Should Sign Up?
This informative session is designed for CFOs, internal auditors, risk managers, compliance and risk officers, and any staff seeking a better understanding of UDAAP and key risks related to credit union products and services.

About the Presenter:
Dan Huston has over 30 years’ experience working with financial institutions.  He has held a variety of operations and lending positions, with a significant focus on federal regulation compliance, product development, and processing efficiency. 

With Moss Adams since 1999, Dan is a partner in the firm and directs their Internal Audit and Regulatory Compliance Services for financial institutions.  His areas of expertise include credit underwriting, lending compliance, anti-money laundering program administration, and trust and fiduciary operations.  He has also developed risk assessment methodologies related to internal audit and compliance programs, thus assisting clients in implementation of risk management programs and integrating risk management strategies for smaller financial institutions.