CFPB's Proposed Payday Rule Rescission Reshapes UDAAPs

By Jason Tompkins and Jonathan Hoffmann (April 19, 2019, 1:15 PM EDT) -- Among the most ill-defined but ubiquitous legal standards, UDAAPs — unfair, deceptive, or abusive acts or practices — remain the 800-pound gorilla of the consumer protection world. The Consumer Financial Protection Bureau has taken the reins on determining what falls in or out of the UDAAP realm, which was established by the Dodd-Frank Act....

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