Maryland Legal Alert for Financial Services
Newest Survey of CFPB UDAAP Actions Released
We have updated our recurring article: A Survey of Activities Identified as Unfair, Deceptive, or Abusive by the CFPB. The article provides a detailed summary of enforcement actions brought by the Consumer Financial Protection Bureau (CFPB) concerning unfair, deceptive, and abusive acts or practices (UDAAPs) in the second half of 2021.
A review of the specific acts or practices identified by the CFPB as being problematic and resulting in UDAAP violations is instructive for industry participants in conducting their own internal compliance reviews to ensure that they do not engage in similar practices.
Bryan M. Mull
410-576-4227 • firstname.lastname@example.org
Christopher R. Rahl
410-576-4222 • email@example.com