• Mid-South Regulatory Compliance Group Quarterly Report Vol. 14 No. 2
  • August 18, 2017 | Author: Edward A. Wilmesherr
  • Law Firm: Butler Snow LLP - Ridgeland Office
  • For several years now, we have been talking about activities defined as unfair, deceptive or abusive according to the Consumer Financial Protection Bureau (CFPB). We keep harping on the subject because the CFPB, and the other federal banking agencies, continue to take this very seriously. The Consumer Financial Services Committee of the American Bar Association (ABA) prepared a survey of recent enforcement actions and plans to update it on a periodic basis. The purpose of the survey is to create a better understanding of the activities that are deemed unfair, deceptive or abusive by the CFPB. This article is a summary of the ABA’s survey.