House Committee Discusses CFPB’s Proposed Arbitration Clause and Class Action Waiver Registry
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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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FINRA Board Met Last Month. Arbitrator Selection Rule Changes Approved
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By George H. Friedman, SAA Publisher & Editor-in-Chief

FINRA’s Board met in mid-December and among other matters approved changes to the arbitrator listing process.

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Expungement Update: Few Comments on Amended Proposal. PIABA and NASAA Supportive, But SIFMA Urges Disapproval
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The comment period closed December 7 on FINRA’s proposed changes to its expungement rule filing.

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Expungement Update: FINRA Responds to Comments and Files an Amendment; SEC Seeks Comments on Changes and Disapproval
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Those who thought we were nearing the end of the road for FINRA’s proposed changes to the expungement process need to rethink their assumptions.

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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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Institutional Comments, Mostly Supportive But with All Suggesting Further Modifications, on FINRA’s Proposed Expungement Changes. Individual Industry Commenters Uniformly Oppose the Rule
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The comment period closed earlier this month on FINRA’s proposed changes to the expungement process.

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