Post Tagged with: "Arbitration Rule"

Staying Ahead of the CFPB Arbitration Rule [SPONSORED]

Staying Ahead of the CFPB Arbitration Rule [SPONSORED]

August 18, 2017 at 9:00 am 0 comments

When the Consumer Financial Protection Bureau was created, the Dodd-Frank Act gave the CFPB authority to study mandatory, predispute arbitration agreements. Before the CFPB could do anything, they needed to conduct this study, report to Congress, and then propose whatever rule they deemed in the consumer’s best interest. Last summer,Read More

How Will the CFPB’s Arbitration Rule Impact You? [SPONSORED]

How Will the CFPB’s Arbitration Rule Impact You? [SPONSORED]

August 11, 2017 at 9:00 am 1 comment

On July 10, the Consumer Financial Protection Bureau issued a rule banning companies from denying arbitration to groups of people. “The Consumer Financial Protection Bureau today announced a new rule to ban companies from using mandatory arbitration clauses to deny groups of people their day in court,” according to theRead More

6 Compliance Topics Lenders Need to Watch

6 Compliance Topics Lenders Need to Watch

August 1, 2017 at 12:51 pm 0 comments

There was a lot of optimism in the business community following the 2016 election as dreams of tax reform and deregulation swirled around in CEO’s heads. But, in reality, it’s been a lot of the same partisan gridlock that tends to mire the process.   A partisan fight over healthcareRead More

CFPB Arbitration Rule to ‘Particularly’ Impact Credit Cards, Lawyer Says

CFPB Arbitration Rule to ‘Particularly’ Impact Credit Cards, Lawyer Says

July 14, 2017 at 9:00 am 0 comments

The Consumer Financial Protection Bureau’s new arbitration rule issued Monday might have a “particular impact” on revolving credit programs in powersports, David Gemperle, partner at Nisen & Elliott LLC, told Powersports Finance. The rule bans companies from using arbitration clauses to deny groups of people their day in court. Financial institutions oftenRead More

CBA Opposes CFPB Arbitration Rule Before Deadline Closes

CBA Opposes CFPB Arbitration Rule Before Deadline Closes

August 23, 2016 at 9:55 am 0 comments

The Consumer Bankers Association submitted a public comment in opposition of the Consumer Financial Protection Bureau’s proposed arbitration rule yesterday, just under the wire. The public comment period for the proposed rule also ended yesterday. “The proposed rule should not be made final, as proposed, because it is not inRead More

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