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Unfair or Deceptive Trade Practices UDAAP Regulatory Oversight

Husch Blackwell LLP

FDIC Removes Disparate Impact Theory from Compliance Exam Manual

Husch Blackwell LLP on

Before the Labor Day holiday weekend, the Federal Deposit Insurance Corporation (FDIC) updated the fair lending and unfair, deceptive act or practices (UDAP) chapters of its Consumer Compliance Examination Manual to remove...more

Cozen O'Connor

State AGs Are Stepping Up — Is Your Bank Ready for Multistate Scrutiny?

Cozen O'Connor on

The CFPB has scaled back some enforcement priorities, and the states have noticed. Certain states – including California, New York, Texas, and Connecticut – are particularly active, pursuing UDAP violations, privacy issues,...more

Goodwin

UDAAP: You’re at Risk - 10 Essential Tips for Protecting Your Business

Goodwin on

In this edition of Fintech Flash, we discuss important things to know about the regulation of unfair, deceptive, and abusive acts or practices and 10 areas of focus to mitigate your UDAAP risk. When a regulator...more

Ballard Spahr LLP

Regulation by Enforcement is Dead

Ballard Spahr LLP on

Addressing the Mortgage Bankers Association (MBA) 2018 Annual Convention in Washington, DC on October 15, 2018, BCFP Acting Director Mick Mulvaney advised that regulation by enforcement is dead, and that he does not care much...more

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