Can Recent Enforcement Actions Provide Guidance On The CFPB’s Position On UDAAPs?
FDCPA Defense
MARCH 2, 2014
Beyond this, debt buyers and other collectors can read the UDAAP tea leaves by examining the recent enforcement activity of the CFPB and other regulators. These terms are broadly defined to provide the CFPB with maximum flexibility when carrying out its consumer protection mission. First, we should start with the UDAAP definitions.
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