what does udaap stand for 
udaap is an acronym that stands for unfair deceptive or abusive acts or practices by the providers of financial products and services they are illegal as per the dodd frank act the law gives authority to the consumer financial protection bureau to come up with rules surrounding these illegal acts the cfpb and the federal trade commission are both tasked with enforcing these regulations to ensure consumers are protected from unscrupulous lenders and financial institutions 