Are Your Incentive Programs Exposing You to UDAAP Risks?

Compliance Services

March 01, 2017
by Shelley Foster

Bookmark and Share
Shelley Foster Shelley Foster
Manager

View Profile
 
 

With the recent fines and consent order issued to Wells Fargo, financial institutions are taking a look at their sales culture and incentive programs.  In response to the Wells Fargo findings, the Consumer Financial Protection Bureau (CFPB) issued a bulletin November 28, 2016, titled “Detecting and Preventing Consumer Harm from Production Incentives,” informing financial institutions of the risks of consumer harm that may result from poorly established and managed incentive programs


Average Rating:

Length: 1 pages (PDF 50 kB)



Rate this Article
*  =  required fields
Your Rating*
Name*
E-mail Address*
Company