UDAAP Dodd-Frank Consumer Protection

United States

2010

Consumer Protection

Overview

The UDAAP (Unfair, Deceptive, or Abusive Acts or Practices) standard was established under Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. It grants the Consumer Financial Protection Bureau (CFPB) authority to prohibit financial service providers from engaging in harmful practices that violate consumer rights or distort market fairness.

This regulation applies to banks, non-bank lenders, fintech companies, debt collectors, credit card issuers, payment processors, and other consumer-facing financial institutions. UDAAP focuses on transparency, fairness, and ethical treatment throughout the lifecycle of a financial product or service.

Key Obligations

Related Regulations

TILA Reg Z Lending Regulation

EFTA Reg E Payment Regulation

ECOA Reg B Lending Compliance

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