Senator Elizabeth Warren (D-MA) sent letters to the CEOs of 16 major financial institutions asking for information related to the Consumer Financial Protection Bureau arbitration rule.
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The Consumer Financial Protection Bureau issued a final rule that restricts mandatory arbitration clauses in certain consumer financial contracts. It will become effective on September 19, 2017.
The Consumer Financial Protection Bureau issued a new rule that restricts mandatory arbitration clauses in certain consumer financial contracts.
The Consumer Financial Protection Bureau requested comments on a proposed rule prohibiting mandatory arbitration clauses that deny entire classes of consumers the chance to take companies to court. The request was published in the Federal Register.
The House Subcommittee on Financial Institutions and Consumer Credit examined whether a recent CFPB proposal that prohibits mandatory arbitration clauses in many consumer financial contracts is "in the public interest and for the protection of consumers."