UDAP (Unfair or Deceptive Acts or Practices)

UDAP (Unfair or Deceptive Acts or Practices)

Unfair or Deceptive Acts of Practices (UDAP) is a collection of rules for banking regulations, aiming to protect credit card users while adding to card-related disclosures.

Related Terms

  • Receiver

    For check processing, the receiver is the person or business that a check is written to.

    Learn More
  • SHR (Shared Network Transaction)

    A one time debit entry to the account of a receiver where the entry is initiated at an electronic terminal. The entry is initiated into a shared...

    Learn More