Search Results: UDAP/UDAAP

Arkansas Court Orders Texas Credit Repair Company to Comply with Investigative Demand

On January 30, 2015, the Arkansas Attorney General announced that Pulaski County Circuit Judge Chris Piazza granted its petition to enforce a civil investigative demand against a Texas credit repair company, related to its investigation into whether the company’s representations, advertising, and pricing structures violated the Arkansas Deceptive Trade Practices…

Read More

Dodd-Frank's Deputy Enforcers - States!

No readers of this blog would disagree that the Dodd-Frank Wall Street Reform and Consumer Protection Act transformed the legal landscape for banks and consumer finance companies.  In the area of enforcement, two of the Act’s most significant changes were (1) the creation of the Consumer Financial Protection Bureau and…

Read More

Interagency Guidance: Regulators Will Enforce UDAAP Laws Notwithstanding Repeal of Regulation AA

The Federal Reserve Board recently made headlines when it repealed its Regulation AA to comply with the Dodd-Frank Act, leading some to wonder how, and to what extent, regulation of financial institutions might change going forward. But the federal agencies charged with regulating banking and credit activities have made it clear that they will continue to enforce prohibitions…

Read More