Please join us for the GBA-U’s Compliance Peer Group Meeting on Tuesday, July 10, at Idle Hour Country Club, Macon. Our guest speaker for this meeting will be Steve Moore with Bank Compliance Services.

Agenda:

10:00 a.m.         Registration

10:30 a.m.         Welcome                    

10:45 a.m.         Unfair, Deceptive or Abusive Acts or Practices -                        UDAAPs*

Steve Moore, Principal/Founder, Bank Compliance Services

The UDAAP presentation will address the legal requirements of unfair or deceptive acts and practices, what are the "high risk bank products or services" for UDAAPs, and what corrective action should be taken by the Bank if a UDAAP is identified.

·         In 2002, the FDIC notified banks of its intent to cite them for violations of Section 5 of the FTC Act.

·         In 2004, the FDIC issued a “consultation policy” to examiners concerning how to handle potential UDAP violations.

·         The FDIC published UDAAP examination procedures in June 2011; and examiners started using these procedures in compliance examinations in 2012.

12:00 p.m.         Lunch

12:30 p.m.         Roundtable Discussions

  2:00 p.m.        Adjourn

Registration is $60. With questions, please contact GBA’s Alison Moreau at 404.420.2034 or at amoreau@gabankers.com.