TITLE

CFPB Arbitration Plan Provokes Dubious Industry Claims

AUTHOR(S)
Sovern, Jeff
PUB. DATE
November 2015
SOURCE
American Banker;11/16/2015, Vol. 180 Issue 175, p0
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the proposed restrictions on arbitration clauses by the Consumer Financial Protection Bureau (CFPB). Topics discussed include views of CFPB Director Richard Cordray on customers accountability with arbitration clauses, solving customer disputes with class actions thereby enforcing consumer protection laws, and benefits of arbitration over class action litigation according to American Bankers Association.
ACCESSION #
110919509

 

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