On July 10, the Consumer Financial Protection Bureau (CFPB) announced it was moving forward with the arbitration rule proposed last year. Under the rule, companies may not use arbitration clauses to stop consumers from taking part in class actions. The rule will be effective 60 days from the date it is published in the Federal Register. Should a company wish to include … [Read more...] about Does July’s CFPB Rule Signal the End of Consumer Arbitration?
This past May, the Consumer Financial Protection Bureau (CFPB) published its proposed rules for arbitration agreements in consumer financial transactions. It proposed the new rules after conducting a study that many outside of government and consumer advocacy groups found faulty, both in reasoning and conclusion. The CFPB claims that consumers are unable to address … [Read more...] about A Jury Waiver Protects Your Dealership in Arbitration Agreements