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Class Action › Arbitration Agreements › Public Comment

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.
Troutman Pepper

CFPB Will Seek Public Input on Proposed Rule on Mandatory Pre-Dispute Arbitration Provisions

Troutman Pepper on

In response to a petition filed last week by a number of consumer advocacy groups, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it will be seeking public input on a possible rule that would curtail...more

Ballard Spahr LLP

Comment period on CFPB proposed arbitration rule ends August 22

Ballard Spahr LLP on

With the publication of the CFPB’s proposed arbitration rule in today’s Federal Register, the 90-day comment period is now running.  Comments on the proposal must be received on or before Monday, August 22, 2016....more

Stinson - Corporate & Securities Law Blog

CFPB Proposes Controversial Rule to Limit Use of Arbitration Agreements

Stinson - Corporate & Securities Law Blog on

On May 5, 2016, the Consumer Financial Protection Bureau (CFPB) announced a long-awaited and highly-controversial proposed rule that, if adopted, would prohibit certain financial services companies from banning consumer class...more

Troutman Pepper

Is This the End of Arbitration for Consumer Financial Disputes?

Troutman Pepper on

The proposed rule has broad implications for the financial industry, which has relied on class action waivers in consumer agreements to ensure that arbitration is a cost-effective way of resolving disputes with customers....more

Baker Donelson

CFPB Wants to Prohibit Class Action Waivers in Arbitration Clauses

Baker Donelson on

Today, the CFPB announced its proposed rule that would prohibit class action waivers in arbitration clauses in contracts governing consumer finance products. While the proposal does not include a complete ban on all...more

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