House Committee Discusses CFPB’s Proposed Arbitration Clause and Class Action Waiver Registry
Posted by Securities Arbitration Alert Categories Arbitration Agreements, CFPB, Consumer, Federal, RulemakingTags , , on March 29, 2023

By George H. Friedman, SAA Publisher & Editor-in-Chief

A recent House subcommittee hearing reviewing the performance of the Consumer Financial Protection Bureau (“CFPB” or “Bureau”) among other topics discussed the Bureau’s efforts to create an arbitration clause registry.

...Read More

CFPB Proposes Registry for Arbitration Clause and Class Action  Waiver Use
Posted by Securities Arbitration Alert Categories Arbitration Agreements, CFPB, Class Action/Collective Waivers, Consumer, RegulationTags , , , , on January 25, 2023

By George H. Friedman, SAA Publisher & Editor-in-Chief

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) has proposed a new rule seeking information from nonbanks on among other things arbitration and class action waivers.

...Read More

CFPB and FTC File Amicus Brief Arguing that Military Lending Act Bars Arbitration Agreement Enforcement
Posted by Securities Arbitration Alert Categories Arbitration Agreements, CFPB, Class Action/Collective Waivers, Consumer, LegislationTags , , , on November 30, 2022

By George H. Friedman, SAA Publisher & Editor-in-Chief

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) and the Federal Trade Commission (“FTC” or “Commission”) have filed an Amicus Brief in federal court,

...Read More

CFPB Sues MoneyLion for Arbitration Clause Use
Posted by Securities Arbitration Alert Categories Arbitration Agreements, CFPB, Consumer, Fed Arbitration Act, Non-Securities Arbitration, WaiverTags , , , , on October 19, 2022

By George H. Friedman, SAA Publisher & Editor-in-Chief

The Consumer Financial Protection Bureau (“CFPB”) has sued online lender MoneyLion in federal court,

...Read More

Consumer Coalition to CFPB Director Chopra: Do Something About Mandatory Arbitration
Posted by Securities Arbitration Alert Categories Arbitration Agreements, CFPB, Class Action/Collective Waivers, Consumer, News, Non-Securities Arbitration, RulemakingTags , , , , on September 21, 2022

By George H. Friedman, SAA Publisher & Editor-in-Chief

A coalition of over a hundred consumer advocacy groups has written to CFPB Director Chopra,

...Read More

It’s Official: CFPB Not Planning to Act on Arbitration
Posted by Securities Arbitration Alert Categories Arbitration Agreements, Business & Employment, CFPB, Consumer, Non-Securities ArbitrationTags , , , , on July 13, 2022

By George H. Friedman, SAA Publisher & Editor-in-Chief

Confirming what we teased in June, the CFPB’s recently-released regulatory agenda shows that the agency does not intend to revisit a rule covering arbitration of consumer financial disputes.

...Read More