CFPB Report on Arbitration in Consumer Finance Contracts
The Consumer Financial Products Board has issued its report on the use of pre-dispute arbitration clauses in consumer finance contracts, as directed by Congress in the Dodd-Frank Act. In conducting its study, the CFPB looked at hundreds of financial agreements, reviewed thousand of disputes–including individual arbitrations, individual lawsuits, class actions, and public enforcement actions–and conducted a … Continue reading CFPB Report on Arbitration in Consumer Finance Contracts