4 Tips For Avoiding The Eye Of The CFPB

Law360, New York (February 13, 2012, 3:15 PM EST) -- The Consumer Financial Protection Bureau’s reluctance to clearly define the acts and practices it considers deceptive or abusive has put companies on edge, but there are some steps they can take to lower the risk of coming under scrutiny, attorneys say.

“The bureau has said that it wants to level the playing field between financial institutions and consumers as well as banks and nonbanks, and UDAAP is a very powerful tool for them to do that,” Foley & Lardner LLP partner Martin Bishop told Law360, referring to...
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