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Rescission Consumer Financial Protection Bureau (CFPB) UDAAP

Alston & Bird

Parsing the CFPB’s Recent Rescission of Its Abusiveness Policy Statement

Alston & Bird on

In another about-face after the change in the White House, the Consumer Financial Protection Bureau has reversed a year-old rule that came out of the Dodd–Frank Act. Our Financial Services & Products Group interprets the...more

Goodwin

CFPB Rescinds Short-Lived Guidance on Dodd-Frank’s Abusiveness Standard

Goodwin on

On March 11, 2021, the Consumer Financial Protection Bureau (CFPB) announced that it is rescinding its January 2020 policy statement (the 2020 Policy) providing guidance into its enforcement of the “abusiveness” standard...more

Hinshaw & Culbertson - Consumer Crossroads

CFPB Signals Change by Rescinding Abusive Acts or Practices Policy, With Confirmation of Chopra Likely to be Delayed

On March 11, 2021, the Consumer Financial Protection Bureau (CFPB) announced rescission of its January 24, 2020 Statement of Policy Regarding Prohibition on Abusive Acts or Practices (Policy). In announcing its rescission,...more

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