Emerging issues and tips for navigating UDAAP enforcement and litigation
Enforcement of unfair, deceptive, or abusive acts or practices (UDAAP) by federal and state regulators is likely to pick up in the coming months, featuring new and more creative theories of liability. Private litigation alleging violations of state UDAAP laws is also expected to remain active.
In this CLE webinar, Paul Noring and John DelPonti joined professionals from DLA Piper to review what to expect from the Consumer Financial Protection Bureau, Federal Trade Commission, and other regulators and private litigants in UDAAP enforcement and litigation. They covered areas such as the latest developments in case law, enforcement data and trends, and emerging UDAAP focal points, including post-COVID mortgage reporting and servicing obligations, consumer and small business lending/transactions, credit reporting, and debt collection. They concluded by outlining steps to mitigate UDAAP risk and best practices for conducting compliance reviews.