CFPB Revives UDAAP “Abusive” Standard Without Policy Guidelines

LexisNexis (June 9, 2021, 9:49 AM EDT) -- The Consumer Financial Protection Bureau (CFPB or Bureau) recently rescinded an earlier Trump-era policy statement effectively dismantling the “abusive” prong of the “unfair, deceptive, or abusive act or practices” prohibition added...
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