CFPB Ruling on Arbitration May “Transfer Wealth from Consumers to Wealthy Attorneys”
The Consumer Financial Protection Bureau (CFPB) announced a new rule to ban financial companies from using mandatory arbitration clauses. The CFPB said these rules have denied people their day in court. Many consumer financial products like credit cards and bank accounts have arbitration clauses in… Read More
Read more in: Politics, Legal & Regulation | Tagged arbitration, cei, cfpb, jeb hensarling, john berlau, manatt, regulations, richard cordray, richard gottlieb, ted frank