The comment period for the Consumer Financial Protection Bureau (CFPB)’s proposed arbitration rulemaking ended on Monday, and the Bureau received nearly 11,000 comments both strongly supporting and opposing the proposed rule. As proposed, the rule would prohibit the use of ar bitration clauses that preclude consumer class action lawsuits in consumer financial services contracts, but… Continue Reading
Government investigations and white collar litigation matters often lead to class action lawsuits by plaintiffs. The Subject to Inquiry Blog takes this opportunity to highlight the potential effects the death of the late Justice Antonin Scalia may have on class action cases before the Supreme Court. Justice Scalia was a reliably consistent critic of federal… Continue Reading
On October 7, 2015, the Consumer Financial Protection Bureau (CFPB) announced that it is exploring a rulemaking to eliminate the use of certain arbitration agreements in consumer contracts that block consumers from participating in class-action lawsuits. If enacted, the new rule will impact companies that fall within the CFPB’s broad interpretation of businesses that provide… Continue Reading
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