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Military Lending Act Financial Services Industry Class Action Arbitration Waivers

Ballard Spahr LLP

Cordray’s Letter to President Trump Distorts Impact of Arbitration Rule

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CFPB Director Richard Cordray yesterday sent a letter to President Trump asking him to uphold the Bureau’s arbitration rule even though the Senate recently joined the House in authorizing a repeal of the rule under the...more

Ballard Spahr LLP

Impact on military of CRA override of CFPB arbitration rule continues to be distorted

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Enough is enough! I recognize that reasonable minds can differ with respect to whether the Senate should override the CFPB arbitration rule. However, it is inexcusable when plaintiffs’ lawyers and consumer advocates...more

Ballard Spahr LLP

Protection of servicemembers, Equifax data breach provide mistaken justifications for CFPB arbitration rule

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In a mistaken attempt to justify the CFPB’s arbitration rule, supporters are pointing to the need to protect the rights of military servicemembers and the recent Equifax data breach. On September 20, Democratic Senator Jack...more

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