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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.

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