Why You Need To Pay Attention To UDAAP
Title X of the Dodd-Frank Act gives the Consumer Financial Protection Bureau the power to take a variety of actions to prevent any entity underneath its regulatory umbrella from committing or engaging in an unfair, deceptive, or abusive act or practice (“UDAAP”) “under Federal law in connection with any transaction with a consumer for a consumer financial product or service, or the offering of a consumer financial product or service.”
Do you know that this is the law today? Is your company subject...
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