AAA Case Stats 2022
Posted by Securities Arbitration Alert Categories AAA, Arbitration Awards, Business & Employment, Consumer, Statistics & SurveysTags , , , on May 10, 2023

By Richard P. Ryder, Esq.

The American Arbitration Association reports quarterly with detailed data on the cases it closes under its Consumer &

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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.

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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.

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CA’s Arbitration Statute on Unpaid Arbitration Fees Does Not Require a Finding from the Arbitrator and Applies to Voluntary Arbitration Agreements
Posted by Securities Arbitration Alert Categories Arbitration, Arbitration Agreements, Consumer, Legislation, Non-Securities ArbitrationTags , , on January 18, 2023

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

The California statute allowing a consumer to evade an arbitration agreement if a business does not pay its share of arbitration fees does not require an affirmative finding from an arbitrator and applies to voluntary arbitration agreements.

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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,

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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,

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