CFPB Plan Would All But Ban Arbitration Clauses

Adler, Joe
October 2015
American Banker;10/8/2015, Vol. 180 Issue 157, p0
Trade Publication
The article focuses on the plans of the U.S. Consumer Financial Protection Bureau (CFPB) regarding class-action lawsuits. Topics discussed include elimination of arbitration clauses from product agreements, need of arbitration clauses only in an individual claims, and views of Richard Cordray, Director at CFPB, on closing benefits of arbitration clauses such as consumers' substantial relief regarding business practices and enhancing consumer services.


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