ABA, associations: CFPB lacks authority to ban certain contract terms
The CFPB does not have the authority to prohibit contractual provisions in agreements for consumer financial products or services that ...
Tag: UDAAP
CFPB urges states to ban ‘junk fees,’ revamp consumer protection laws
As part of a last-minute flurry of rulemaking and guidance, the CFPB released a report recommending states “strengthen” consumer protections ...
Preparing for 2025: Navigating compliance in a time of change
The uncertain regulatory environment makes board-management communication even more important.
OCC publishes updated UDAAP booklet
The OCC issued version 1.1 of the “Unfair or Deceptive Acts or Practices and Unfair, Deceptive or Abusive Acts or ...
Nichols highlights regulatory lawsuits at American Mortgage Conference
With four active lawsuits against regulatory agencies, ABA President and CEO Rob Nichols emphasized Monday that filing a lawsuit is ...
ABA expresses support for bills on UDAAP enforcement, debit interchange
ABA expressed support for two House bills, one seeking to clarify standards for UDAAP enforcement actions brought by the CFPB, ...
House bill would reform CFPB’s UDAAP authority
A House bill would reform the CFPB’s unfair, deceptive or abusive acts and practices authority under the Dodd-Frank Act to ...
Judge grants win to ABA, Chamber in lawsuit over CFPB UDAAP exam manual
A federal judge in Texas today granted summary judgment to ABA, the Texas Bankers Association, the U.S. Chamber of Commerce ...
ABA urges CFPB to scrap ‘abusiveness’ statement as drafted
ABA last week called for substantial revisions to the CFPB’s recently proposed guidance on the “abusiveness” standard as defined by ...
Marketing and compliance: Creating a plan to ensure consistency
New approaches, systems and processes ensure balance between compliance risk management and marketing performance.
