What Are Unfair, Deceptive, or Abusive Acts or Practices (UDAAP)?

The acronym UDAAP refers to unfair, deceptive, or abusive acts or practices by those who offer financial products or services to consumers.
National Mortgage Professional

CSBS, AARMR Challenge OCC Rule Targeting State Escrow Interest Laws

State banking and mortgage regulators are urging the Office of the Comptroller of the Currency (OCC) to withdraw proposed rules they say would improperly override state consumer protection laws and ...
JD Supra

Mark Your Calendars: 2026 Compliance Dates for Consumer and Small Business Financial Services

Welcome to 2026! As we begin another year in the fast-evolving world of consumer financial services regulation, we're here ...
FingerLakes1.com

Legality and consumer risk: when enforcement targets suppliers, not users

Legality is most visible when a country restricts who may offer a service domestically, while leaving individual use largely unpoliced. Online gambling markets show this clearly: domestic law can ...
City & State New York

Here’s why you keep seeing Mamdani’s consumer protection commissioner everywhere

Just three weeks into Mayor Zohran Mamdani’s administration, the new commissioner of New York City’s Department of Consumer ...
ConsumerAffairs

MoneyGram paying $250,000 for consumer protection violations

• New York Attorney General Letitia James secured $250,000 from MoneyGram International for failing to follow consumer protection laws and jeopardizing customers' money transfers • The settlement ...
Times Union

New York's consumer protection laws are poised for expansion

ALBANY — New York consumers could be protected from “unfair, abusive and deceptive” business practices under a measure passed by the state Legislature Tuesday. Democrats and civil legal rights groups ...