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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DOL Delays Fiduciary Rule Enforcement Until End of January
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By George H. Friedman, SAA Publisher & Editor-in-Chief

In somewhat of a surprise, the Department of Labor (“DOL”) has delayed from December 20 until January 31 enforcement of its fiduciary rule.

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NASAA Proposes Model Rules to Address Unpaid Awards and Fines
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By George H. Friedman, SAA Publisher & Editor-in-Chief

The North American Securities Administrators Association (“NASAA”) has released for public comment draft model rules to address the lingering problem of unpaid fines and arbitration awards.

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Longtime Consumer Advocate Roper Joins SEC Senior Staff: Any Implications for FINRA DRS?  
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By George H. Friedman, SAA Publisher & Editor-in-Chief

Consumer advocate and mandatory arbitration critic Barbara Roper has joined the SEC’s senior staff.

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