This article is the first in a series of six articles concerning UDAAP.
In response to the lingering recession of the late-2000s, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act and, among other things, created the Consumer Financial Protection Bureau (CFPB). Congress bestowed upon the up-start Bureau a broad new power to prohibit unfair, deceptive, and abusive acts or practices (UDAAP) across the entire consumer financial services industry. Today, with Dodd-Frank now in force, the bureau serves as the single primary regulator responsible for enforcing the federal consumer financial protection laws across all facets of consumer lending and other consumer-based financial products and services. This includes, of course, UDAAP.