Posts tagged Financial Services Litigation.
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The Unclear Future of Arbitration Clauses in Consumer Finance Contracts
The Consumer Financial Protection Bureau ("CFPB" or "Bureau") released a study last week regarding the financial industry's use of pre-dispute arbitration agreements. This is the CFPB's third study on the issue since 2013, and, like the first two studies, reveals the Bureau's negative assessment of pre-dispute arbitration agreements. The Bureau initiated its investigation into the issue pursuant to Congress's authorization in the Dodd-Frank Act to analyze the impact of arbitration clauses in consumer contracts for financial products and services. Specifically, the ...
Posted in: Arbitration, CFPB
Tags: arbitration clause, cfpb, consumer finance, consumer finance contracts, Consumer Finance Litigation, Consumer Financial Protection Bureau, dodd-frank act, Financial Services Litigation, pre-dispute arbitration agreements
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