UDAAP Shark into the Liquid!!
WeвЂ™ve all seen Jaws as well as other shark films. A team of swimmers are enjoying a trip to the coastline, swimming within the ocean, blissfully unacquainted with the chance lurking below|at the beach, swimming within the ocean, blissfully unacquainted with the chance lurking below day. The trailers of these movies often feature a voice that is ominous one thing to your effectation of: вЂњjust once they thought it absolutely was safe to get within the waterвЂ¦вЂќ
ThereвЂ™s a shark that credit unions should look out for too вЂ“ no, IвЂ™m not speaking about a good white or even a hammerhead, but alternatively unjust, Deceptive, and Abusive functions and methods, or UDAAP. Even if it appears that a customer finance legislation may not connect with a credit union, UDAAP could nearby be lurking prepared to sink its teeth in to a credit union that gets too close.