UDAAP Policy

Updated 02/14/2024

This includes policy on prohibited products, consumer complaints, unfair credit contract provisions, unfair or deceptive practices involving cosigners, unfair late charges, training requirements  and record retention for UDAAP. The following are the key takeaways of the changes:

  1. Added information related to CFPB Circular 2022-04 regarding Data Protection guidance (all updates are highlighted).
  2. Added information regarding the guidance related to authorize positive, settle negative (APSN).



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