Credit Unions Should Prepare Now for More UDAAP Enforcement Actions

Recent settlements involving unfair and deceptive marketing practices should serve as reminders that credit unions need to pay close attention to complying with the Unfair, Deceptive or Abusive Acts or Practices rules.

FTC Final Rule Bans Deceptive Mortgage Ads

The rule covers only entities over which the FTC has jurisdiction, including state chartered credit unions.