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Dodd-Frank Wall Street Reform and Consumer Protection Act › American Express v Italian Colors Restaurant

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and... more +
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and includes broad reforms related to many aspects of the financial and banking industry. Notable sections of the Act include stricter regulations of the derivatives market, as well as the Volcker Rule, which restricts the trading practices of FDIC-insured institutions.    less -
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

Womble Bond Dickinson

Fourth Circuit Rejects Broad Reading of Arbitration Ban in Dodd-Frank

Womble Bond Dickinson on

In a variation on a familiar refrain, the Fourth Circuit recently upheld the enforceability of another arbitration provision under the Federal Arbitration Act (“FAA”) in Santoro v. Accenture Federal Services, LLC. This time,...more

Spilman Thomas & Battle, PLLC

Can You Keep Up? Emergence of CFPB and Significant Developments Transform Consumer Finance Landscape

Spilman Thomas & Battle, PLLC on

In the wake of the 2008 financial crisis, Congress passed significant financial system reform legislation, the Dodd-Frank Act, which created a new regulator of financial institutions, the Consumer Financial Protection Bureau...more

Ballard Spahr LLP

Supreme Court arbitration decision raises stakes for CFPB arbitration study

Ballard Spahr LLP on

Last week, in its decision in American Express Co. v. Italian Colors Restaurants, the U.S. Supreme Court delivered a knock-out punch to the last major court challenge to the use of class action waivers in consumer arbitration...more

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