H. R. 1652 aims to amend the Consumer Financial Protection Act of 2010 to provide clearer standards for actions taken against unfair, deceptive, or abusive acts and practices (UDAAP) by the Bureau of Consumer Financial Protection. It seeks to define what constitutes an "abusive act or...
Simple Explanation
H.R. 1652 is a bill that wants to make it clearer when companies are being naughty with money stuff, like lying or cheating people. It also lets companies fix their mistakes before getting into trouble and makes sure the rules are fair for everyone.