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Expert Analysis

The CFPB's 'UDAAPification' Of Consumer Protection Law

Law360, New York (September 16, 2014, 6:08 PM EDT) -- Questions about the scope of the Consumer Financial Protection Bureau's jurisdiction abound for financial institutions and other entities that work with them. What are the boundaries of the CFPB's authority? How might these parameters expand in the future? Are there other ways the CFPB may take action against a company even if it does not have supervisory authority, and what would that action look like? These are just a few of many jurisdictional questions that financial institutions and their kin have pondered since the CFPB opened its doors in July 2011....

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