UDAAP and the CFPB - MP3 - 11/15
UDAAP and the CFPBRecorded: November 19, 2015
Harassment, abusive language, overshadowing - we all know these behaviors are prohibited under the FDCPA. But recently, the concept of UDAAP (Unfair, Deceptive and Abusive Acts or Practices) has also become a hot topic within the collection industry. The CFPB is providing the industry with clues about its priorities and what types of activities may be considered to violate UDAAP.
- Understanding about the origins of UDAAP and its purpose.
- Examples of UDAAP in recent enforcement actions.
- Information on the CFPB's view of UDAAP and what it means for the industry.
Michael A. Klutho, Esq., Bassford Remele, P.A., Minneapolis, MN
David Schultz, Esq., Hinshaw & Culbertson, LLP, Chicago, IL