ABA Urges Creation of SBREFA Panel

ABA, along with three trade associations and the U.S. Chamber of Commerce, wrote a letter to the Consumer Financial Protection Bureau urging the Bureau to create a Small Business Regulatory Enforcement Fairness Act (SBREFA) panel prior to proposing rules to regulate arbitration.

A panel should be created so that the concerns of small businesses will be heard before the bureau issues regulations imposing conditions or limitations on the use of arbitration agreements, the letter said. For questions or comments, contact ABA’s Ginny O’Neill.