Company Announcements

Wolters Kluwer to Host UDAAP Webinar

Event will focus on strategies for mitigating the potential for discriminatory lending risk

MINNEAPOLIS--(BUSINESS WIRE)--Mar. 13, 2023-- Three senior-level regulatory compliance experts from Wolters Kluwer Compliance Solutions will present a complimentary panel discussion exploring the inherent risks and business strategies that those who offer financial products or services to consumers may wish to consider in managing compliance obligations around unfair, deceptive, or abusive acts or practices (UDAAP) standards. The webinar, “UDAAP, the Risk That Keeps on Giving: Avoid Unexpected Surprises Throughout the Loan Lifecycle,”will take place from 2-3 pm Eastern Daylight Time on Thursday, March 16.

The panelists from Wolters Kluwer include Suzanne Konstance, Vice President and Lien Solutions Leader; Jason Keller, Associate Director, Advisory Services; and Seth Reimer, Consulting Manager, Advisory Services.

From origination to the release of liens, UDAAP risks exist throughout the loan lifecycle. With an escalated regulatory focus and recent high-profile enforcement actions, institutions should proactively look for potential violations, especially in places they may not have previously considered.

This session will provide a timely and forward-looking perspective on the UDAAP regulation, encouraging institutions to examine all facets of the loan cycle, for any and all opportunities where consumers may be adversely impacted by a lack of controls.

In addition, the presenters will address inherent risks and compliance strategies associated with this critical regulation, including how UDAAP interconnects with fair lending and Community Reinvestment Act examinations, via the use of case studies, regulatory guidance, and consultative solutions.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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Media Contacts for Wolters Kluwer Financial & Corporate Compliance division:
(Wolters Kluwer Compliance Solutions and Wolters Kluwer CT Corporation)

Paul Lyon
Senior Director, External Communications
Global Branding & Communications
Wolters Kluwer
Office +44 20 3197 6586

David Feider
Corporate Communications Manager, Banking & Regulatory Compliance
Wolters Kluwer
Tel: +1 612-852-7966

Source: Wolters Kluwer