SEC Investor Advocate Recommends Halt on RIA Arbitration Clause Use
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The SEC Office of the Investor Advocate has issued a report recommending that predispute arbitration agreement (“PDAA”) use by investment advisers be studied and that in the meantime PDAA use be suspended.

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Consumer Advocates to CFPB: Write Rule Empowering Consumers to Choose Arbitration Post-Dispute
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By George H. Friedman, SAA Publisher & Editor-in-Chief

A coalition of leading consumer advocacy groups has petitioned the Consumer Financial Protection Bureau (“CFPB”) to promulgate a rule allowing financial consumers the option to arbitrate after a dispute arises.

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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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Over 170 Bills Already Introduced This Congress Involving Arbitration
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The recent pace of legislative activity prompted us to look up how many bills have been introduced in the 117th Congress that in some way,

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Are We Seeing the Start of a Tectonic Shift on Mandatory PDAAs in the Financial Services Field?
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By George H. Friedman, SAA Publisher & Editor-in-Chief

This is less a letter from the editor and more your editor’s musings, but I wonder whether we are seeing the start of a tectonic shift on mandatory predispute arbitration agreements (“PDAA”) in the financial services field?

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