The Dangers of Hidden Contractual Language in Vendor Contracts
In the last decade, the Consumer Financial Protection Bureau (CFPB) has become more focused on protecting consumers from harm. This has resulted in increased scrutiny on Unfair, Deceptive or Abusive Acts or Practices (UDAAP).
UDAAPs are a key aspect of consumer compliance and continue to be a regulatory focal point. This regulation targets businesses that offer financial products or services to consumers.