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Arbitration Agreements › UDAAP

Ballard Spahr LLP

CFPB should encourage states to educate consumers, not enact more UDAAP statutes

Ballard Spahr LLP on

Earlier this month, the CFPB issued a report titled Strengthening State-Level Consumer Protection. The report argues, among other things, that states should “[r]evitalize private enforcement” by promulgating additional UDAAP...more

Pillsbury Winthrop Shaw Pittman LLP

Arbitration Provisions Mauled by Consumer Watchdog

Pillsbury Winthrop Shaw Pittman LLP on

Companies offering payment services or financial products to consumers are facing a proposed rule from the CFPB that would prohibit class action waivers in binding pre-dispute arbitration agreements. Although the information...more

Alston & Bird

Consumer Financial Protection Bureau Looks to Prohibit Mandatory Arbitration

Alston & Bird on

It should come as no surprise that earlier today the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it is seeking comments on a proposed rule that would prohibit mandatory arbitration clauses that deny...more

Ballard Spahr LLP

AFSA responds to state AG call for arbitration limits

Ballard Spahr LLP on

The American Financial Services Association (AFSA) has sent a letter to Director Cordray responding to the letter sent to him last month by 16 Democratic state attorneys general calling on the CFPB to limit the use of...more

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