Melonia Bennett

Melonia Bennett

BakerHostetler

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Revisiting the Enforceability of Class Action Waivers in Consumer Financial Contracts

On July 19, 2017, the Consumer Financial Protection Bureau (CFPB) published the final Arbitration Agreements Rule (the rule) that would impact the way claims involving consumer financial products and services are handled in...more

7/20/2017  /  Arbitration , Arbitration Agreements , Class Action , Class Action Arbitration Waivers , Consumer Contracts , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Financial Services Industry , Mandatory Arbitration Clauses , Popular

CFPB Proposes Ban to Mandatory Arbitration Provisions

On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced the issuance of a Notice of Proposed Rulemaking (NPRM) soliciting comments on a proposed rule to prohibit covered institutions from including, in most...more

5/18/2016  /  Advanced Notice of Proposed Rulemaking (ANPRM) , Arbitration Agreements , Class Action , Class Action Arbitration Waivers , Consumer Financial Protection Bureau (CFPB) , Financial Institutions
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