Christina Grigorian

Christina Grigorian

Katten Muchin Rosenman LLP

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CFPB Arbitration Rule Summary: Class Action Waivers Prohibited in Broad Range of Consumer Credit Transactions

On July 10, the Consumer Financial Protection Bureau (CFPB) issued its Final Arbitration Rule. While the CFPB's Final Rule publication weighs in at 775 pages, the rule itself occupies only 11 pages, and the Official...more

7/12/2017  /  Arbitration , Class Action Arbitration Waivers , Consumer Contracts , Consumer Financial Contracts , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Consumer Lenders , Final Rules

CFPB Issues Proposed Rule to Restrict the Use of Mandatory Arbitration Clauses and Class Action Waivers

If implemented, the Proposed Rule will result in an increase in class action lawsuits against consumer finance companies that currently include class action waivers in their contracts. ...more

5/17/2016  /  Class Action Arbitration Waivers , Consumer Financial Contracts , Consumer Financial Protection Bureau (CFPB) , Mandatory Arbitration Clauses , Proposed Regulation
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