X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Over the past four installments of this series, we have taken a quick look at how the consumer financial services industry ended up with a new regulator, the Consumer Financial Protection Bureau (CFPB). This new regulator is enforcing a set of new standards—unfair, deceptive or abusive acts or practices (UDAAP)—under a new statute, the Dodd-Frank Wall Street Reform and Consumer Protection Act. We examined the standards themselves and found that “unfair” is rife with subjectivity; “deceptive” does not require intent; and “abusive” is a largely a big unknown.

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2017 ALM Media Properties, LLC. All Rights Reserved.