The CFPB and FDIC have issued new enforcement actions that include allegations of unfair, deceptive, and/or abusive acts and practices (UDAAP) in connection with consumer financial products. We’ve updated our UDAAP Database with the most recent actions to facilitate understanding of the themes and patterns in UDAAP enforcement actions.
In addition, here are links to our semi-annual surveys of federal UDAAP enforcement actions, prepared for the American Bar Association’s Consumer Financial Services Committee. These surveys provide concise summaries of the specific allegations of unfair, deceptive, and/or abusive acts and practices in various federal UDAAP actions. We hope you find them helpful.
The PLA team will continue to monitor developments and provide similar updates as additional enforcement actions are issued.