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MoFo Reenforcement The Enforcement Blog

Tag Archives: UDAP

FDIC Enters Consent Order with Bank Regarding Prepaid Card Disclosures

Posted in Enforcement Actions

On March 7, 2018, the FDIC entered into a consent order with The Bancorp Bank for allegedly inaccurate disclosures concerning the amount of transaction fees assessed on cardholders. This consent order is the latest in a series of consent orders from federal agencies in recent years regarding allegedly inadequate or misleading account disclosures. Read our… Read More

#ThrowbackThursday: UDAP Final Rules and Board Regulatory Actions

Posted in Credit Cards, Regulatory Developments, UDAAP

Originally published as a Morrison & Foerster client alert in December 2008. UDAP Final Rules The National Credit Union Administration (“NCUA”) approved a joint final rule addressing unfair or deceptive acts or practices (“UDAP”) relating to credit cards written by the Board of Governors of the Federal Reserve System (“Board”), the Office of Thrift Supervision… Read More