JD Supra

SCOTUS Clarifies Vague Arbitration Clauses Affecting Class Disputes for Growing Businesses

For most small to medium-sized businesses, the threat of a class action is not usually front-of-mind. However, as a business grows, the threat can increase depending on the number of employees and the ...
JD Supra

CFPB and Banks Battle Over Arbitration Clauses, Class Actions

After the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 authorized its creation, the Consumer Financial Protection Bureau (CFPB) began operating on July 21, 2011. In the more than ...
Financial Advisor

Companies Use Arbitration Clauses To Block Class-Action Suits, Regulator Says

Companies rarely invoke mandatory arbitration clauses to prevent individual customers from going to court, but they are frequently used to prevent class action lawsuits, the Consumer Financial ...
HousingWire

CFPB bans mandatory arbitration clauses, allows class action against banks

The Consumer Financial Protection Bureau revealed its new rule to ban companies from using mandatory arbitration clauses, allowing consumers to participate in class action lawsuits. The new rule ...