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.
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