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Class Action › Arbitration Agreements › American Bankers Association

A class action is a type of legal action where a representative individual or group of individuals can bring a claim on behalf of a larger group or class who share a common legal interest.
Pillsbury Winthrop Shaw Pittman LLP

How the Arbitration Clause Got Its Groove Back

Pillsbury Winthrop Shaw Pittman LLP on

Though initially celebrated by many, the overturning of the CFPB’s arbitration rule could mean problems down the road for the financial services industry. The CFPB’s rule restricting arbitration clauses has been undone by...more

Ballard Spahr LLP

Responding to Professor Sovern: how Dodd-Frank Section 1028 limits the CFPB’s power to regulate arbitration agreements

Ballard Spahr LLP on

In a blog post earlier this week, Professor Jeff Sovern took issue with statements made by a legal expert that suggest an amendment to the Federal Arbitration Act would be necessary for the CFPB to ban class action waivers in...more

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