Home / Daily Dose / CFPB Clears the Way for Class-Action Lawsuits
Print This Post Print This Post

CFPB Clears the Way for Class-Action Lawsuits

The Consumer Financial Protection Bureau announced a new rule Monday prohibiting companies from using mandatory arbitration clauses to keep consumers from filing class-action lawsuits. In doing so, the CFPB is giving consumers another potential remedy.

 

About Author: Brianna Gilpin

Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation's leading diversified media and information services companies. To contact Gilpin, email brianna.gilpin@thefivestar.com.
x

Check Also

Investors Take Note: Top Locations for Gen Z Renters

Nine of the 20 cities on this list are located in the Midwest and eight are in the South—far from the coastal cities previously favored by millennials, according to the study.

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.