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All articles tagged '"CFPB"'
13 articles found
CFPB Director Pens Letter Urging President to Veto Measure Rescinding New Arbitration Rule
By Beth Graham - November 3, 2017
On Monday, Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray released a letter addressed to the President of the United States urging him to veto House Joint Resolution 111.
Senate Narrowly Votes to Rescind New CFPB Arbitration Rule
By Beth Graham - October 25, 2017
The Vice President has cast a tie-breaking vote in the United States Senate to rescind a new Consumer Financial Protection Bureau (“CFPB”) rule that prohibits most financial service providers such as banks and credit card issuers from requiring consumers to sign mandatory arbitration agreements barring class-action lawsuits.
Lawsuit Seeks to Halt CPFB Rule Against Mandatory Arbitration Agreements that Ban Class-Actions
By Beth Graham - September 30, 2017
Yesterday, the United States Chamber of Commerce and a coalition of corporate business lobbying groups filed a lawsuit in the Northern District of Texas seeking to enjoin the Consumer Financial Protection Bureau (“CFPB”) from enforcing a new rule that prohibits most financial service providers from requiring consumers to sign mandatory arbitration agreements that bar class-action lawsuits.
CFPB Director Pens NYT Op-Ed Addressing New Rule Against Mandatory Arbitration Agreements that Ban Class-Actions
By Beth Graham - August 24, 2017
On Tuesday, Consumer Financial Protection Bureau (“CFPB”) Director Richard Cordray published an opinion piece in the New York Times in response to recent attempts by lawmakers to repeal a new CFPB arbitration rule.
U.S. House Passes Measure to Repeal New CFPB Arbitration Rule
By Beth Graham - July 26, 2017
Yesterday, the United States House of Representatives voted 231 to 190 to repeal a new Consumer Financial Protection Bureau (“CFPB”) rule that prohibits most financial service providers such as banks and credit card issuers from requiring consumers to sign mandatory arbitration agreements that bar class-action lawsuits.
CPFB Issues Rule Against Mandatory Arbitration Agreements that Ban Class-Actions
By Beth Graham - July 17, 2017
Last week, the Consumer Financial Protection Bureau (“CFPB”) finalized a new rule that prohibits most credit card issuers and banking institutions from requiring consumers to enter into mandatory arbitration agreements that bar collective action lawsuits.
Regulating Forced Arbitration in Consumer Financial Services
By Beth Graham - June 20, 2016
Professor Martha McCluskey, University at Buffalo Law School, State University of New York, Professor Thomas McGarity, University of Texas School of Law, Professor Sidney Shapiro, Wake Forest University School of Law, James Goodwin, Senior Policy Analyst at the Center for Progressive Reform, and Mollie Rosenzweig, Policy Analyst at the Center for Progressive Reform, have published a timely report entitled, “Regulating Forced Arbitration in Consum
Consumer Financial Protection Bureau Proposal Would Ban Mandatory Arbitration Provisions in Most Financial Contracts
By Beth Graham - May 10, 2016
The Consumer Financial Protection Bureau (“CFPB”) has proposed a plan to ban mandatory arbitration provisions in most consumer contracts entered into with banking institutions and credit card companies.
CFPB Proposal Would Allow Consumers to Forego Arbitration in Favor of Class Litigation
By Beth Graham - October 8, 2015
The Consumer Financial Protection Bureau (“CFPB”) is reportedly considering implementing new regulations that would stop banks and other financial institutions from requiring consumers to settle disputes through binding arbitration.
Consumer Financing Pre-Dispute Mandatory Arbitration: Consumer Financial Protection Bureau (CFPB) Developments
By Beth Graham - October 27, 2014
Louis Del Duca, Edward N. Polisher Distinguished Faculty Scholar Emeritus and Director, Institute of Commercial Law at the Penn State Dickinson School of Law, has published Consumer Financing Pre-Dispute Mandatory Arbitration: Consumer Financial Protection Bureau (CFPB) Developments, Uniform Commercial Code Law Journal, Vol. 46, p. 71, 2014.
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