Answer:
The Dodd-Frank Act empowered the CFPB to enforce UDAP type issues and added the extra “A” for “Abusive.” The original source for UDAP, Section 5 of the Federal Trade Commission Act, continues to exist and the other agencies have already said Section 5 violations can still be cited.
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Learn more about Andy Zavoina’s, Managing UDA(A)P and Complaints to Mitigate Risk webinar.
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