The legal standards for both unfair and deceptive practices the legal standards for unfairness and deception are independent of each other depend ing on the facts a practice may be unfair deceptive or both the legal standards for udap are briefly described below unfair practices an act or practice is unfair where it o causes or is . Every state has a consumer protection law that prohibits deceptive practices and many prohibit unfair or unconscionable practices as well these statutes commonly known as unfair and deceptive acts and practices or udap statutes provide bedrock protections for consumers. Subject prohibition of unfair deceptive or abusive acts or practices in the collection of consumer debts under the dodd frank wall street reform and consumer protection act dodd frank act all covered persons or service providers are legally required to refrain from committing unfair deceptive or abusive acts or practices collectively. The ftc act prohibits unfair or deceptive acts or practices congress drafted this provision broadly in order to provide sufficient flexibility in the law to address changes in the market and unfair or deceptive practices that may emerge. Unfair or deceptive acts or practices is a proposal for bank regulation in the united states under federal reserve regulation aa the board of governors of the federal reserve system announced in a press release on saturday may 2 2008 that the proposed rules prohibit unfair practices regarding credit cards and overdraft services that would
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