1.0CLP Bloghttps://clpblog.citizen.orgAllison ZieveCFPB working on regulation to define “abusive” practices - CLP Blogrich600338<blockquote class="wp-embedded-content" data-secret="Y7Mw6OmdZr"><a href="https://clpblog.citizen.org/cfpb-working-on-regulation-to-define-abusive-practices/">CFPB working on regulation to define “abusive” practices</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://clpblog.citizen.org/cfpb-working-on-regulation-to-define-abusive-practices/embed/#?secret=Y7Mw6OmdZr" width="600" height="338" title="“CFPB working on regulation to define “abusive” practices” — CLP Blog" data-secret="Y7Mw6OmdZr" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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The Dodd-Frank Act prohibits “unfair, deceptive, or abusive” acts and practices by the financial companies regulated under the Act, and gives the Consumer Financial Protection Bureau authority to enforce the prohibition. The Act defines "abusive" as an act or practice that: (1) Materially interferes with the ability of a consumer to understand a term or [...]