Regulatory: Part 2: Unraveling UDAAP in the consumer financial services industry
According to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Consumer Financial Protection Bureau (CFPB) can declare unfair, and thus unlawful, any act or practice in connection with a transaction for a consumer financial product or service, or the offering of a consumer financial product or service, so...
By Martin BishopMarch 06, 2013
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This article is the second in a series of six articles concerning UDAAP. Read part one here.
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