ABA, trade groups: CFPB has no authority to enact rule limiting arbitration
According to the organizations, the bureau lacks the statutory authority to enact such a rule, and it would violate at ...
Tag: Arbitration
ABA Opposes Legislative Efforts to Curb Use of Arbitration
In a statement for the record of a Senate Banking Committee hearing today, the American Bankers Association said it will ...
Trade Groups: ALI Restatement of Law Could Have Implications for Customer Contracts
The American Bankers Association this week joined a group of other trade associations and companies in a letter to the ...
Podcast: Prodding Class Action Attorneys to Deliver More for Consumers
In recent years, high-profile class action settlements have been criticized for delivering little to no monetary relief to plaintiffs, instead, ...
Newsbytes Podcast: From Jay Powell to the ‘Joy of Zelle’
It's a big news week on the latest episode of the ABA Newsbytes Podcast. Co-hosts Evan Sparks and Shaun Kern ...
Trump Makes Arbitration Rule Repeal Official
President Trump this afternoon signed the Congressional Review Act resolution invalidating the Consumer Financial Protection Bureau’s final rule that had ...
OCC’s Noreika Applauds Senate Action to Overturn Arbitration Rule
Acting Comptroller of the Currency Keith Noreika today commended Senate lawmakers for stopping the Consumer Financial Protection Bureau’s controversial arbitration ...
Senate Votes to Overturn CFPB’s Arbitration Rule
The Senate tonight voted to overturn the Consumer Financial Protection Bureau’s controversial final rule on arbitration, exercising its authority under ...
Treasury: CFPB Arbitration Rule Will Impose Major Costs on Consumers
The Consumer Financial Protection Bureau’s rule virtually prohibiting mandatory arbitration for financial products will impose significant costs on consumers and ...
Arbitration Rule to Raise Cost of Credit 25 Percent, OCC Study Finds
The OCC has conducted a study finding that the Consumer Financial Protection Bureau’s arbitration rule is likely to increase the ...
