The Consumer Financial Protection Bureau is taking a strong stance against lenders that use contract clauses that block consumers from going to court in a report released Thursday that will likely ...
Registered Investment Advisors (RIAs) were the focus of a recent SEC Investor Advisory Committee meeting over mandatory arbitration provisions. Legal professionals, investor advocates, and government ...
The mandatory arbitration clauses that 61% of the nation’s 15,000 registered investment advisor firms require clients to sign benefit advisors over investors, SEC staff said in a new report sent to ...
The U.S. Supreme Court has made clear that state law prohibiting the enforcement of a class action waiver in an arbitration clause is preempted by the Federal Arbitration Act (FAA), even if the ...