CFPB to Hold Field Hearing on Arbitration

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The CFPB will hold a field hearing on arbitration in Dallas, Texas on December 12, 2013. Section 1028(a) of the Dodd-Frank Act required the CFPB to conduct a study of arbitration agreements and clauses and provide a report to Congress. In April 2012, the CFPB launched an inquiry into how it should study arbitration clauses and agreements between financial service companies and consumers (see May 1, 2012 Alert).

IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this informational piece (including any attachments) is not intended or written to be used, and may not be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Topics:  Arbitration, Arbitration Agreements, CFPB, Dodd-Frank

Published In: Alternative Dispute Resolution (ADR) Updates, Consumer Protection Updates, Finance & Banking Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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