Reference no: EM133573492

Question: Midterm Writing Assignment UDAAP Risk Assessment Memo. Assume you have just been asked to lead a UDAAP Risk Assessment inside a financial institution that provides a full suite of consumer banking products and services. The institution has financial centers/branches across 15 states. In addition to the branches, the institution provides sales and service across the US through their on-line and phone channels. Their phone channel is staffed by both full time bank employees but there is also a portion of sales and service performed by a dozen third parties who focus on insurance and mortgage products. Leveraging what you learned from the readings and lectures, please make a short memo setting forth your approach. Be sure to discuss: Each area of the institution you will be assessing (the "Areas of Assessment"); and For Each Area of Assessment, please explain what information you will be requesting or reviewing (the "Types of Controls Expected") Please be specific about what you are looking for in terms of controls for each Area of Assessment.