By Keith Bradley, Katie Wechsler and Dimitar Georgiev-Remmel (March 24, 2022, 5:48 p.m. EDT) — On March 16, the Consumer Financial Protection Bureau released revised review guidelines on unfair, deceptive acts and practices or abusive, or UDAAP.
The changes explain a new position of the CFPB: discrimination in the provision of financial products and services to consumers can be a UDAAP. We anticipate that potentially discriminatory practices in all aspects of these markets will come under increased scrutiny from the bureau and other regulators.
The bureau’s new UDAAP concept marks a significant shift, and all providers of financial products and services – outside of lending, where the Equal Credit Opportunity Act has long been in effect – can…
Stay one step ahead
In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.
Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and more!
