The Consumer Financial Protection Bureau will likely finalize rules that prohibit financial institutions from implementing arbitration clauses that stop consumers from filing class-action lawsuits before president-elect Donald Trump takes office on Jan. 20. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
The Consumer Financial Protection Bureau is facing calls from close to 40 U.S. Senate Democrats, who want the government agency to finalize its proposed rule having to do with how banks and financial companies use arbitration clauses for contracts with consumers. Get the Full Story...
October 31, 2017
Last week, at the end of an otherwise dramatic day on Capitol Hill, the Senate managed to pull off something of a twist ending: the repeal of the CFPB’s arbitration rule via a Senate vote that invoked the Congressional Review Act (CRA) to prevent the rule from ever going into effect – and to prevent any consideration of […]
December 27, 2016
The Consumer Financial Protection Bureau will likely finalize rules that prohibit financial institutions from implementing arbitration clauses that stop consumers from filing class-action lawsuits before president-elect Donald Trump takes office on Jan. 20. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins […]
August 05, 2016
The Consumer Financial Protection Bureau is facing calls from close to 40 U.S. Senate Democrats, who want the government agency to finalize its proposed rule having to do with how...
