The CFPB Takes Aim at Discrimination as “Unfair”: What Does It Mean For Your Business?

The Consumer Financial Protection Bureau (CFPB)’s announcement last week that it intends to consider discriminatory conduct an “unfair” act or practice represents a significant expansion of the Bureau’s authority to address unfair, deceptive, or abusive acts or practices (UDAAPs). Most notably, the Bureau is directing its examiners to treat any discriminatory conduct by a supervised entity in connection with offering or providing consumer financial products or services, whether or not covered by fair lending laws such as the Equal Credit Opportunity Act, as a possible “unfair” act or practice to which Bureau’s UDAAP authority applies. 

Our webinar topics will include:

• The Bureau’s theory for treating discrimination as “unfair”
• Types of products, services, and discrimination the Bureau’s theory could reach
• Information and issues CFPB examiners will be considering when looking for discriminatory conduct in UDAAP examinations
• Implications for entities not supervised by the CFPB or not subject to CFPB jurisdiction
• Potential legal challenges to the Bureau’s theory
• What companies can do to prepare for the CFPB’s expansion of its UDAAP authority

This program is open to Ballard Spahr clients and prospective clients. There is no cost to attend. This program is not eligible for CLE credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact questions@ballardspahr.com.