FINRA’s New Expungement Rules – Balancing Interests But Adding Roadblocks
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By David E. Robbins[1]

Assuming  SEC approval, FINRA’s significant changes to its expungement procedures will be implemented some time this year.

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New York State Court Refuses to Countenance End Run Around FINRA DRS Expungement Denial
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By Harry A. Jacobowitz, Esq.***

A broker’s attempt to vacate an unfavorable New York arbitration decision through forum shopping in Colorado and an effectively uncontested vacatur proceeding,

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CFPB Proposes Registry for Arbitration Clause and Class Action  Waiver Use
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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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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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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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