PYMNTS

JANUARY 27, 2020

In essence, the change means that the agency is limiting how it can pursue such practices, which fall under a standard known as “Unfair or Deceptive Acts or Practices” (UDAAP). Only a few weeks in, and the flurry of activity might already reshape the way financial services are regulated, and by whom. Digital Taxes, Abroad.

CFPB 71

CFPB Consumer Financial Protection Bureau (CFPB) UDAAP Laws 71

PYMNTS

SEPTEMBER 25, 2017

The CFPB and legal experts said the regulator could pursue Equifax under an aspect of the Dodd-Frank Act that bans unfair, deceptive and abusive acts and practices (UDAAP).

CFPB 46

CFPB UDAAP Federal Trade Commission Breach 46

PYMNTS

SEPTEMBER 22, 2017

And New York Governor Andrew Cuomo announced that he wants credit reporting firms to comply with the state’s new cybersecurity regulations, as well as require agencies to report their officers or directors who are responsible for compliance with laws and regulations involving financial services, banking and insurance each year.

UDAAP 46

UDAAP Federal Trade Commission CFPB Breach 46

Payments Source

NOVEMBER 12, 2019

It should offer some form of guidance to spur innovation, a former official with the bureau says.

CFPB 68

CFPB FinTech Innovation UDAAP 68