3.0.0
6789
2025-05-27T14:16:16Z
2025-05-27T14:16:16Z
House
H
HR
2023-12-14
118
[Congressional Record Volume 169, Number 206 (Thursday, December 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 6789.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.The single subject of this legislation is:To amend the Consumer Financial Protection Act of 2010 toclarify standards for UDAAP enforcement actions brought bythe Bureau of Consumer Financial Protection, and for otherpurposes.[Page H6986]
- hsba00
Financial Services Committee
House
Standing
  - Referred To
2023-12-14T14:03:10Z
- 2023-12-14
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2023-12-14
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2023-12-14
Introduced in House
IntroReferral
1000
9
Library of Congress
- B001282
Rep. Barr, Andy [R-KY-6]
Andy
Barr
R
KY
6
N
- L000569
Rep. Luetkemeyer, Blaine [R-MO-3]
Blaine
Luetkemeyer
R
MO
3
2023-12-14
True
- P000599
Rep. Posey, Bill [R-FL-8]
Bill
Posey
R
FL
8
2023-12-14
True
- M001204
Rep. Meuser, Daniel [R-PA-9]
Daniel
Meuser
R
PA
9
2023-12-14
True
- S001213
Rep. Steil, Bryan [R-WI-1]
Bryan
Steil
R
WI
1
2023-12-14
True
- S000250
Rep. Sessions, Pete [R-TX-17]
PETE
SESSIONS
R
TX
17
2023-12-14
True
- D000594
Rep. De La Cruz, Monica [R-TX-15]
Monica
De La Cruz
R
TX
15
2023-12-14
True
- F000471
Rep. Fitzgerald, Scott [R-WI-5]
Scott
Fitzgerald
R
WI
5
2023-12-14
True
- T000480
Rep. Timmons, William R. IV [R-SC-4]
William
Timmons
R
SC
R.
4
2023-12-14
True
- R000612
Rep. Rose, John W. [R-TN-6]
John
Rose
R
TN
W.
6
2023-12-14
True
- M001195
Rep. Mooney, Alexander X. [R-WV-2]
Alexander
Mooney
R
WV
X.
2
2023-12-14
True
- L000583
Rep. Loudermilk, Barry [R-GA-11]
Barry
Loudermilk
R
GA
11
2023-12-14
True
- N000190
Rep. Norman, Ralph [R-SC-5]
Ralph
Norman
R
SC
5
2023-12-14
True
- K000397
Rep. Kim, Young [R-CA-40]
Young
Kim
R
CA
40
2023-12-14
True
- W000816
Rep. Williams, Roger [R-TX-25]
Roger
Williams
R
TX
25
2023-12-14
True
- L000599
Rep. Lawler, Michael [R-NY-17]
Michael
Lawler
R
NY
17
2023-12-19
False
- G000597
Rep. Garbarino, Andrew R. [R-NY-2]
Andrew
Garbarino
R
NY
R.
2
2024-01-10
False
- E000294
Rep. Emmer, Tom [R-MN-6]
Tom
Emmer
R
MN
6
2024-01-10
False
- D000032
Rep. Donalds, Byron [R-FL-19]
Byron
Donalds
R
FL
19
2024-01-10
False
- F000474
Rep. Flood, Mike [R-NE-1]
Mike
Flood
R
NE
1
2024-01-18
False
- W000812
Rep. Wagner, Ann [R-MO-2]
Ann
Wagner
R
MO
2
2024-02-05
False
- H001093
Rep. Houchin, Erin [R-IN-9]
Erin
Houchin
R
IN
9
2024-02-05
False
Finance and Financial Sector
Finance and Financial Sector
2024-01-19T17:45:17Z
00
2023-12-14
Introduced in House
2024-08-14T21:14:29Z
Rectifying Undefined Descriptions of Abusive Acts and Practices Act or the Rectifying UDAAP Act
This bill restricts the Consumer Financial Protection Bureau’s (CFPB’s) authority to deem a financial practice abusive for purposes of enforcement activities. Currently, under the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFPB may take enforcement action against a financial product or service provider in connection with any transaction with a consumer for a consumer financial product or service that is unfair, deceptive, or abusive.
Specifically, the bill prohibits the CFPB from including discrimination as an abusive practice. Further, the bill revises what an abusive practice is, including by additionally requiring the act or practice to intentionally interfere with the ability of a consumer to understand a term or condition.
The bill also establishes additional criteria for abusive actions. For example, conduct is considered abusive if (1) it causes or is likely to cause substantial injury to consumers which is not reasonably avoidable by consumers, (2) the substantial injury is not outweighed by countervailing benefits to consumers or to competition, or (3) the conduct is otherwise prohibited under federal consumer financial law.
The bill also eliminates the CFPB’s ability to seek monetary relief for unfair, deceptive, or abusive acts or practices if the provider establishes a good faith effort to comply with requirements.
The bill establishes rulemaking requirements, including requiring a cost-benefit analysis for a rule relating to unfair, deceptive, or abusive acts or practices.
Finally, the bill establishes the right for providers to cure violations if they self-report and limits the CFPB’s use of alternative claims in court.
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Rectifying UDAAP Act
- Display Title
45

Rectifying UDAAP Act
2024-07-24T15:19:28Z
- Short Title(s) as Introduced
101

Rectifying UDAAP Act
2024-05-24T13:34:43Z
Introduced in House
IH
- Short Title(s) as Introduced
101

Rectifying Undefined Descriptions of Abusive Acts and Practices Act
2024-05-24T13:34:43Z
Introduced in House
IH
- Official Title as Introduced
6

To amend the Consumer Financial Protection Act of 2010 to clarify standards for UDAAP enforcement actions brought by the Bureau of Consumer Financial Protection, and for other purposes.
2024-03-18T22:01:54Z
Introduced in House
IH
- Introduced in House
2023-12-14T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-118hr6789ih/xml/BILLS-118hr6789ih.xml
2023-12-14
Referred to the House Committee on Financial Services.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
Congressional Research Service, Library of Congress
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