Why All Financial Institutions Should Care About What Happened to this Payday Lender
The CFPB did not allege that Cash Store violated Fair Debt Collection Practices Act, but it did say its practices amounted to "unfair acts or practices." Does this signal a return to the usage of UDAAP as a catch-all hammer for practices that aren't specifically prohibited, but fall outside the agency's comfort zone? [5/15/20]