CFPB’s Proposed Payday Rule Rescission Reshapes UDAAPs. Statutory Background
CFPB’s Proposed Payday Rule Rescission Reshapes UDAAPs. Statutory Background One of the most ill-defined but ubiquitous appropriate requirements, UDAAPs — unjust, misleading, or abusive acts or techniques — stay the gorilla that is 800-pound of customer security globe. The buyer Financial Protection Bureau has had the reins on determining just just what falls in or…