Remove Disputes Remove Regulations Remove UDAAP
article thumbnail

CFPB’s 2020: Drawing A Bead On Abusive Practices — And States’ Activities

PYMNTS

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). Only a few weeks in, and the flurry of activity might already reshape the way financial services are regulated, and by whom. Digital Taxes, Abroad.

CFPB 71
article thumbnail

Equifax CEO To Explain Leak To Congress

PYMNTS

consumer accounts were accessed by the hackers, as well as certain dispute documents with personal identifying information for approximately 182,000 U.S. If the companies fail to register, they could be barred from doing business with financial companies regulated by New York State. The company also reported 209,000 U.S.

UDAAP 46