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Consumer Financial Protection Bureau (CFPB) › AT&T Mobility

Pierce Atwood LLP

CFPB Proposal Would Make Class Actions More Likely. Here's What's Next.

Pierce Atwood LLP on

On Wednesday, October 7, the Consumer Financial Protection Bureau issued proposals that would, if adopted, limit the use of arbitration provisions in contracts for consumer financial products. The CFPB’s proposals would not...more

Carlton Fields

CFPB Says Arbitration Agreements Limit Consumer Relief in Class Actions; New Regulations on the Horizon?

Carlton Fields on

The Supreme Court’s 2011 decision in AT&T Mobility LLC v. Concepcion upheld an arbitration clause requiring arbitration of claims individually, thereby effectively preventing class actions. While the consumer finance industry...more

Ballard Spahr LLP

U.S. government takes position on validity of class action waivers in arbitration agreements with CFPB on sidelines (for now)

Ballard Spahr LLP on

On January 30, the United States filed an amicus brief in the U.S. Supreme Court supporting the Respondents in American Express Company v. Italian Colors Restaurant, No. 12-133, an extremely important case involving the...more

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