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Tag Archives: Arbitration Clauses

Is the CFPB Tough Enough?

The CFPB has proposed a ban on the use of arbitration clauses that prevent consumers from bringing class action suits against businesses. A coalition of more than 160 groups, including AFL-CIO and NAACP, wants the Bureau to take the rule even further, however.

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CFPB Considers Opening the Door for Class Action Lawsuits

The Consumer Financial Protection Bureau (CFPB) announced on Wednesday it is considering proposing rules that will make consumer financial companies more accountable to the consumers they serve. The Bureau is considering a proposal that would prevent consumer financial companies from using "free pass" arbitration clauses that would prevent consumers from bringing class action lawsuits to obtain relief.

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