Practice Areas: Business Law, Real Property
Original Production Date: 06/17/2022
Run Time: 1:15:00
GA Course Exp: 12/31/2024
The 2008 Mortgage Crisis put many homeowner’s underwater. Millions lost their homes to foreclosure and often filed for bankruptcy in the process.
UDAAP blossomed out of the 2008 financial crisis to protect consumers against “unfair, deceptive, or abusive” by companies selling financial products. In this CLE, Brian Brunkow will analyze the 3 main tests, outline the key impacts of UDAAP and provide best practices to remain compliant with this key legislation that impacts almost every lending regulation and part of the lending cycle. Brian will also discuss: Al Capone & UDAAP, lenders, the Unfair Test, Deceptive Acts & Practices, the Abusive Test, the CFPB (Consumer Financial Protection Bureau), lending regulations, the lending cycle, discrimination, data security, BOD & management oversight, Compliance Management System (CMS), enforcement actions and final compliance tips. UDAAP’s influence on the mortgage industry is all-encompassing, affecting each step of the lending cycle from advertising to servicing closed loans.
Brian Brunkow is a Seattle-area lawyer focused on negotiations, dispute resolution and NCAA compliance. In addition, he teaches lawyers about sports agency law and speaks at West Coast coaching clinics on student-athlete development.
offered in:
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