CFPB to hold symposium on UDAAP definition

cfpb-logoThe CFPB will hold a symposium on Tuesday, June 25, at 9 a.m. that will focus on the Dodd-Frank Act’s prohibition on abusive acts or practices. The event will be held at the CFPB’s headquarters in Washington, D.C.

The Dodd-Frank Act authorizes the bureau to take enforcement, supervision and rulemaking actions concerning unfair, deceptive or abusive acts and practices – commonly referred to as UDAAP. The symposium will provide a public forum for the bureau and public to hear various perspectives on the meaning of abusiveness.

Attendees will hear from two panels of UDAAP experts, including CFPB Director Kathleen Kraninger and Deputy Director Brian Johnson. The first panel will include a discussion with leading academic experts in the area of consumer protection on various policy issues relating to the abusive standard under the Dodd-Frank Act. The panel will be moderated by Tom Pahl, the CFPB’s policy associate director of research, markets and regulation.

The second panel will examine how the abusive standard has been used in practice, and will include leading legal experts in the field. The panel will be moderated by David Bleicken, the CFPB’s deputy associate director of supervision, enforcement and fair lending.

To learn more or register, visit the CFPB’s website.

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