EthicsQuestion 305 of 400
A lender structures a product so consumers cannot reasonably protect their own interests and takes unreasonable advantage of their lack of understanding. This best fits which UDAAP category?
a.Unfair only
b.Deceptive only
c.Neither; it is simply aggressive sales
d.Abusive
Explanation
An 'abusive' act materially interferes with a consumer's ability to understand a term or takes unreasonable advantage of a consumer's lack of understanding or inability to protect their interests. 'Unfair' focuses on substantial unavoidable injury and 'deceptive' on misleading statements; describing it as mere aggressive sales ignores that it is specifically prohibited conduct.
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