In this issue:
- A. UDAP/UDAAP Actions
- 1. Auto Lending
- 2. Banking Products
- 3. Credit Card Add-On Products
- 4. Credit Card Advertising
- 5. Credit Reporting and Monitoring
- 6. Debt Collection
- 7. General Consumer Credit
- 8. Mortgage Advertising
- 9. Mortgage Servicing
- 10. Payday Loans
- 11. Student Loans
- B. Other UDAAP Developments
- 1. State Consumer Financial Services UDAAP Enforcement
- 2. Data and Cyber Security
- 3. Cramming
- C. Conclusion
- Excerpt from UDAP/UDAAP Actions:
In this report, we provide a detailed view of the specific acts and practices that were challenged as unfair, deceptive, or abusive in 2014. We also include a summary of formal and informal UDAP/UDAAP guidance issued in the past year. Taken together, this compendium is a useful introduction for consumer financial services companies interested in evaluating and mitigating their UDAP/UDAAP risk.
Please see full publication below for more information.