CFPB to Hold First Symposium on June 25: Focus on UDAAP
The Consumer Financial Protection Bureau announced that its first symposium will be held on June 25 at 9 a.m. The symposium, part of a series announced earlier this year, will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices. The symposium will be webcast on the Bureau’s website.
The Dodd-Frank Act authorizes the Bureau to take enforcement, supervision, and rulemaking actions concerning unfair, deceptive, or abusive acts and practices (UDAAP). The meaning of abusiveness is less developed than the meaning of unfair or deceptive, which have been defined substantially by the Federal Trade Commission Act. The symposium will provide a public forum for the Bureau and the public to hear various perspectives on the meaning of abusiveness.
The symposium will feature remarks from CFPB Director Kathleen Kraninger and Deputy Director Brian Johnson as well as testimony from two panels of UDAAP experts. The first panel will include a discussion with leading academic experts in the area of Consumer Protection. The discussion will touch on various policy issues relating to the abusive standard under Dodd-Frank. The second panel will examine how the abusive standard has been used in practice and will include leading legal experts in the field.
Read additional information about this event.
To attend in-person, please register.
To view via livestream, you can register here. A link to the livestream will be available the day of the event.« RETURN TO ALL NEWS