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How will UDAAP continue to shape the regulatory landscape?
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Banking, Consumer Protection
Monday, October 26, 2015
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Just weeks after the TILA-RESPA Integrated Disclosures became effective, the Consumer Financial Protection Bureau issued its final rule regarding its Dodd-Frank-mandated changes to the Home Mortgage Disclosure Act. As if industry participants did not have enough of their plates, there is still the continuing confusion and massive regulatory reach provided by the bureau’s ability to enforce against “unfair, deceptive or abusive acts or practices” (UDAAP). Read on to hear what a top industry attorney had to say about compliance and key takeaways from recent enforcements.
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