Retail/Marketing

ABA: CFPB Study Shows Benefits of Arbitration

The Consumer Financial Protection Bureau’s March study of mandatory pre-dispute arbitration agreements shows that arbitration has “significant, demonstrable benefits over litigation in general and class action litigation in particular,” ABA and two other trade groups said in a comment letter today. In keeping with those findings, the groups said, the Dodd-Frank Act would not permit rulemaking prohibiting such agreements. The ...

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Consumer Delinquencies Dip in First Quarter

Delinquencies in closed-end loans and bank cards edged down in the first quarter, driven by large declines in home loan-related delinquencies, according to the ABA Consumer Credit Delinquency Bulletin that was released today.

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ABA, Groups Question Basis for Proposal Affecting Campus Banking

A proposed rule from the Department of Education regulating Title IV student aid credit balances includes provisions regulating campus bank accounts that may harm the students who benefit from these accounts, ABA and two other financial trade groups said in a comment letter on Thursday.

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CFPB Unveils Complaint Narratives, Access for Government Workers

The Consumer Financial Protection Bureau today published the first 7,700 consumer narratives that consumers had opted to have accompany their complaints in the CFPB’s public database. More than half of consumers submitting complaints since narratives were added in March have opted to share their narratives.

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