Chicago Partner Martin J. Bishop, vice chair of the firm’s Litigation Department, and co-chair of the Consumer Financial Service Practice, authored “Regulatory: Collaborating to Solve the Vexing UDAAP Dilemma” in the May 1, 2013 edition of InsideCounsel magazine. The article discusses how the Consumer Financial Protection Bureau can leverage broad and vaguely worded UDAAP standards to address a policy agenda in a less-than-opaque manner, as well as possible ways the industry as a whole can challenge that power.
Related Insights
June 18, 2025
Energy Current
Texas Energizes Nuclear Energy Strategy with Passage of Three Key Bills
The Texas Legislature recently passed three key bills: House Bill 14 (H.B. 14); Senate Bill 1061 (S.B. 1061); and Senate Bill 1535 (S.B….
June 18, 2025
Energy Current
FERC Issues Guidance on Treatment of Criminal Regulatory Offenses
On June 16, 2025, the Federal Energy Regulatory Commission (FERC) issued a Notice of Guidance regarding the consistency of its existing…
June 18, 2025
Foley Viewpoints
Legal Reasoning Still a Struggle for LLMs
The authors in this paper created a benchmark including long-form, open-ended questions and multiple-choice questions to evaluate the…