Phillip Harris Jr.

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Update: President Trump Sticks a Knife in the CFPB’s Arbitration Rule

Key Takeaway: For now, pre-dispute arbitration clauses with class action waivers are safe. On November 1, President Trump abrogated a Consumer Financial Protection Bureau (CFPB) rule that would have given consumers the...more

11/3/2017 / Arbitration , Arbitration Agreements , Class Action , Class Action Arbitration Waivers , Congressional Review Act , Consumer Contracts , Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Financial Services Industry , Trump Administration

Following Razor-Thin Senate Vote, The Consumer Financial Protection Bureau Fails in Effort to Outlaw Class Action-Killing...

On October 24, 2017, the U.S. Senate passed a resolution disapproving the Arbitration Agreements Final Rule (“Rule”) enacted earlier this year by the Consumer Financial Protection Bureau (“CFPB”). The Rule sought to prohibit...more

10/27/2017 / 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

The Future of Class Action Waivers in Financial Services Arbitration Clauses Remains Unclear

In a Legal Alert posted earlier this month, Kilpatrick Townsend’s Financial Institutions Team highlighted the key provisions of the Consumer Financial Protection Bureau’s Arbitration Agreements Final Rule, 82 Fed. Reg. 33210...more

8/1/2017 / Arbitration , Arbitration Agreements , Class Action , Class Action Arbitration Waivers , Consumer Contracts , Consumer Financial Products , Financial Services Industry , Mandatory Arbitration Clauses

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