Tag Archives: CFPB

Revisiting the Enforceability of Class Action Waivers in Consumer Financial Contracts

By BakerHostetler on July 19, 2017 Posted in Arbitration

The Consumer Financial Protection Bureau (CFPB) has published the final Arbitration Agreements Rule, which impacts the way claims involving consumer financial products and services are handled in the future, including a prohibition against providers of such products and services from relying on a predispute arbitration agreement that includes an arbitration clause barring a consumer from … Continue Reading

CFPB Announces Proposed Ban to Mandatory Class Action Waivers in Arbitration Agreements

By BakerHostetler on May 12, 2016 Posted in Uncategorized

Our Financial Services Blog recently posted about the Consumer Financial Protection Bureau’s (CFPB) Notice of Proposed Rulemaking on a proposed rule to prohibit covered institutions from including, in most core consumer contracts, “pre-dispute arbitration agreements” that contain class waivers. Read the article.… Continue Reading