CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities
PYMNTS
JANUARY 27, 2020
In the most recent news late last week, the CFPB said it would change the way it defines and addresses “ abusive ” practices within the financial services arena. In essence, the change means that the agency is limiting how it can pursue such practices, which fall under a standard known as “Unfair or Deceptive Acts or Practices” (UDAAP).
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