[Audio] Analyzing the CFPB’s Stance on Comparison Shopping and Lead Generation Websites — The Consumer Finance Podcast
In this episode of The Consumer Finance Podcast, Chris Willis discusses the Consumer Financial Protection Bureau’s (CFPB) latest round on comparability purchasing and lead era web sites. The CFPB asserts that sure practices associated to those web sites are abusive below the Dodd Frank Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) regulation. The CFPB argues that it’s abusive for web site operators to affect their show or rating of client monetary services and products based mostly on compensation they obtain from See extra +
In this episode of The Consumer Finance Podcast, Chris Willis discusses the Consumer Financial Protection Bureau’s (CFPB) latest round on comparability purchasing and lead era web sites. The CFPB asserts that sure practices associated to those web sites are abusive below the Dodd Frank Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) regulation. The CFPB argues that it’s abusive for web site operators to affect their show or rating of client monetary services and products based mostly on compensation they obtain from product suppliers. Willis critiques the CFPB’s stance, arguing that the Bureau is trying to rewrite commerce guidelines by labeling practices as abusive, in battle with long-standing regulatory steerage targeted on disclosures on such web sites. Despite the CFPB’s round, he means that the trade will doubtless proceed to depend on acceptable disclosures to make sure customers are knowledgeable of how merchandise are introduced in on-line contexts. See much less –
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March 28, 2024 at 03:53PM
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