Professor Peterson, who served at the CFPB under former Director Cordray, shares his perspective on the CFPB’s publicly-announced enforcement activities and initiatives under Director Chopra and what they might signal for future enforcement and supervisory activities.  The matters discussed include the UDAAP implications of the CFPB’s focus on pricing in its enforcement action against JPay, the CFPB’s use of UDAAP to challenge discrimination not involving credit, and the CFPB’s junk fees initiative and approach to technology.  We also discuss the current status of federal and state rate cap legislation and “true lender” challenges to bank/nonbank partnerships.

Alan Kaplinsky, Ballard Spahr Senior Counsel, hosts the conversation.

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