H.R. 6789, also known as the "Rectifying UDAAP Act," aims to amend the Consumer Financial Protection Act of 2010 by refining the Bureau of Consumer Financial Protection's (CFPB) standards for enforcing rules against unfair, deceptive, or abusive acts or practices (UDAAP). The bill mandates...
Simple Explanation
This bill wants to make the rules easier to understand for when companies treat people unfairly or trick them with money matters, and it asks them to fix problems before getting into trouble.