CFPB and FTC File Amicus Brief Arguing that Military Lending Act Bars Arbitration Agreement Enforcement
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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
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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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Consumer Coalition to CFPB Director Chopra: Do Something About Mandatory Arbitration
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By George H. Friedman, SAA Publisher & Editor-in-Chief

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

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Michigan Revises Attorney Conduct Rules to Regulate PDAAs in Retainer Agreements
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Michigan has adopted a new rule of attorney professional conduct requiring informed client consent to predispute arbitration agreements (“PDAA”) in retainer agreements.

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Beware of Arbitration Clauses in Terms of Service: Should an Attorney Agree to Them When Investigating a Client’s Claim?
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By Mackenzie Connick*

When determining if there is an agreement to arbitrate, a court should proceed to trial and therefore is not authorized to dismiss a motion to compel until all questions of fact have been resolved.

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It’s Official: CFPB Not Planning to Act on Arbitration
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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.

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