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Reg. Z compliance not enough to avoid potential UDAAP violations, CFPB warns credit card issuers
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Banking, Consumer Protection
Friday, September 5, 2014
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The Consumer Financial Protection Bureau warned credit card issuers that even if they comply with the disclosure requirements of Regulation Z, they still may run the risk of violating Dodd-Frank’s ban on deceptive and abusive acts or practices when marketing interest-rate promotions. Read on to learn what the CFPB had to say about the issue in a recent bulletin.
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