Phillip Harris Jr.

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Latest Posts › Consumer Financial Protection Bureau (CFPB)

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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

Significant Changes in Store for Consumer Finance Businesses – What You Need to Know Now About the CFPB’s New Arbitration Rules

On May 5, 2016, the Consumer Financial Protection Bureau (“CFPB”) issued new proposed rules for consumer financial services contracts. The proposed rules have two major components. First, the proposed rules prohibit class...more

5/12/2016 / Arbitration , Arbitration Agreements , Class Action , Class Action Arbitration Waivers , Consumer Financial Contracts , Consumer Financial Protection Bureau (CFPB) , Proposed Regulation

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