On March 16, the Consumer Financial Protection Bureau published revised examination guidelines on unfair, deceptive, or abusive acts and practices, or UDAAPs.
As Squire’s Keith Bradley and Katie Wechsler explain in an article published in Law360, the changes indicate a new position from the CFPB: that discrimination in the provision of consumer financial products and services can be a UDAAP. We anticipate that potentially discriminatory practices in all aspects of these markets will draw increased scrutiny from the bureau and other regulators.

Read more at:  Expert Analysis  Anti-bias Considerations for Finance Cos. After CFPB Notice