This event hosted by the SBPC examined the impact of discrimination in the student loan market and how novel legal strategies to address it can be used to crack down on harmful and predatory practices across the consumer financial marketplace.
For decades, gaps in the legal system have left broad swaths of the consumer finance market open to discrimination and financial exploitation. At the event, a panel of advocates and legal experts examined how actors in the market have been able to avoid accountability, and how by treating discrimination as an “unfair” practice under existing law, the CFPB and law enforcement officials can better protect consumers.
Discrimination is Unfair: Interpreting UDA(A)P to Prohibit Discrimination
This report from the SBPC and Relman Colfax attorneys Stephen Hayes and Kali Schellenberg, examines how laws prohibiting unfair, deceptive (and sometimes abusive) acts and practices (“UDA(A)Ps”) can be applied to combat discrimination in the student loan market and beyond.