General Information About UDAAP

UDAAP Examination Procedures
Consumer Financial Protection Bureau
Examination objectives and general guidance

Regulatory: Unfair, deceptive or abusive acts or practices - Part I
InsideCounsel
In the broadest sense, UDAAP is Dodd-Frank’s mandate to the bureau to ensure that all consumer financial products and services are fair. Yes, you read that right: fair. “Regulating fairness,” you say, “how is that possible?”

Regulatory: Unfair, deceptive, or abusive acts or practices – Part II
InsideCounsel
The Federal Trade Commission Act (FTC Act), originally enacted almost a century ago, declared unlawful “[u]nfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting commerce.” This provision of the FTC Act is commonly referred to as “UDAP.” UDAAP borrows from, but plainly expands on, UDAP. For example, UDAAP introduces a new concept to the statutory vernacular—abusive.

<-Back