On July 26, 2023, the CFPB released its Summer 2023 Supervisory Highlights, which focuses on alleged unfair, deceptive, and abusive acts or practices (UDAAP) violations found in recent supervisory examinations. The report also detailed violations caused by insufficient technology controls. Some of the key findings in the Summer 2023 Supervisory Highlights include: Auto Lending and Servicing. Examiners found that certain dealers made fraudulent representations about the value of consumer vehicles by including options that were not actually present on their vehicle.

https://www.jdsupra.com/legalnews/cfpb-report-details-udaap-violations-9193085

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