UDAAP and the New Fair Lending Standard

This tele-web seminar will begin on Tuesday, December 4, 2012 at 11:30 AM to 1:30 PM Pacific Time.

Fair Lending Regulations and regulatory approaches to evaluating potential violations of these laws have been with us for a number of years. We have seen a number of cases of business practices deployed by financial institutions that have resulted in restitution and adverse publicity for those involved. However, what many do not realize, is that as with any consumer protection regulation where Congress has mandated restitution, fines and monetary penalties, regulators have also been charged with evaluating for patterns of Unfair, Deceptive and Abusive Acts and Practices (UDAAP) when Fair Lending violations are detected. With the addition of the concept of “Abusive” under the mandates of the Dodd Frank Act, approaches to evaluating UDAAP and Fair Lending are fast evolving into a new standard.


We will look at numerous examples and walk through case studies so you can see what to watch out for in real life situations. The session will also give you best practices to implement in your institution to reduce risk.

This presentation will focus on:

  • Basic concepts of underlying Fair Lending laws and the application of UDAAP
  • How to develop major controls to minimize risk for Fair Lending and UDAAP assertions
  • Best practices used by banks today for implementing Fair Lending and UDAAP programs.


Bank CEOs, Presidents; Chief Compliance Officers; Chief Operating Officers; Chief Credit Officers; Bank Counsel; Compliance officers and managers; Risk managers; Operations managers; Internal auditors; Credit officers and administrators; Senior Management of financial institutions; Advisers who work closely with financial institutions such as attorneys, investment bankers, and other consultants.


Daniel L. Huston, CPA, CFIRS
Partner, Internal audit and regulatory compliance, Moss Adams LLP

Dan has over 30 years experience working with Financial Institutions, holding a variety of operations and lending positions, with a significant focus on compliance with Federal regulation, product development and processing efficiency. He Joined Moss Adams in 1999 and directs the Firm’s Internal Audit and Regulatory Compliance services for Financial Institutions.

Dan’s areas of expertise include credit underwriting and lending compliance, anti-money laundering program administration, and trust and fiduciary operations. He has also devoted significant effort to development of risk assessment methodologies related to internal audit and compliance programs, assisting clients in implementation of risk management programs and integrating risk management strategies for smaller financial institutions.

Meg Sczyrba, CRCM
Industry Principal
Infosys Technologies Limited

Meg Sczyrba has worked in the compliance industry for a long, long time.  She currently works for Infosys as an Industry Principal.   That keeps her busy trying to figure out how to implement regulatory requirements in Finacle, their integrated banking platform core processing system. 

Meg has previously worked for PayPal, WaMu, Union Bank of California, US Bank and as a compliance consultant.  She is very involved in the industry and sits on several ABA Boards including the ABA Compliance School Board and the ABA Compliance Magazine Board.  She is a former member of the CRCM Advisory Board and the Compliance Executive Committee.  Meg has published several articles on topics ranging from Reg AA / UDAP to Reg O, and wrote the recurring Training Room column in the ABA Bank Compliance Magazine.  She is also a frequent speaker at industry compliance conferences and schools. 

Meg was recently honored as ABA’s 2011 Distinguished Service Award recipient.  She graduated from the University of Missouri – Columbia with degrees in Psychology and Law. 

Credit Information

CPE Credit Available: 

  • Estimated CPE: 2 hours (Final CPE is based on the length of participation, polling questions, etc.)
    • Delivery Method: Group Internet-Based (Webcast)
    • Target Audience: CEOs and other C-level Executives; Compliance Officers and Managers, internal Auditors
    • Program Level: Intermediate
    • Prerequisites: None
    • Advanced Preparation: No advanced preparation required
  •  Learning Objectives:
    • Basic concepts of underlying Fair Lending laws and the application of UDAAP
    • How to develop major controls to minimize risk for Fair Lending and UDAAP assertions
    • Best practices used by banks today for implementing Fair Lending and UDAAP programs.

Moss Adams LLP is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.


Member price: $250.00 | Non member price $500.00