Last week at a field hearing in Albuquerque, New Mexico, the Consumer Financial Protection Bureau (CFPB) announced a proposed rule that would prohibit providers of certain consumer financial products and services from including arbitration provisions in consumer contracts that bar the consumer from filing or participating in a class action with respect to the product… Continue Reading
It's no fun being a Regulator. Either you are criticised for being supine, and allowing the world to go to hell in a handcart because your 'light touch' form of regulation has allowed an excessively greedy regulated community far too much latitude… Continue Reading
The UK Financial Services Authority ("FSA") revealed last week that it is launching an investigation into the way in which banks do business. The FSA will be looking specifically at whether the banks have taken steps to protect against the risk of bribery and corruption… Continue Reading
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