CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities
PYMNTS
JANUARY 27, 2020
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). However, nearly a decade after the act became law, uncertainty remains as to the scope and meaning of abusiveness. In the case, captioned Seila Law LLC v.
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