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August 3, 2016 - 12:00am | Filed under: Forced Arbitration

Two letters submitted today by 103 members of the U.S. House of Representatives and the ...

July 19, 2016 - 11:28am | Filed under: Forced Arbitration

Last week, American Banker's blog "BankThink," posted a NACA opinion-editorial about the credit union industry...

July 5, 2016 - 4:15pm | Filed under: Forced Arbitration

Post by Sophia Huang, NACA's Law and Policy Intern

Some members of Congress seem to have it in for consumer rights and individual liberty. On June 22, Rep. Marlin Stutzman (R-IN) introduced a ...

May 24, 2016 - 3:48pm | Filed under: Forced Arbitration

Today, the Consumer Financial Protection Bureau’s proposed rule to limit forced arbitration was published in the Federal Register. Although the Bureau first released its proposal two weeks ago, the 90-day countdown for the public to submit feedback starts today and closes August 22....

May 9, 2016 - 3:19pm | Filed under: Forced Arbitration | Tagged with: CFPB

Page updated July 10, 2017

On July 10, the Consumer Financial Protection Bureau (CFPB or Bureau) released its final rule to restrict the use of forced arbitration clauses in consumer financial contracts that prohibit consumers' participation in class action suits....

May 9, 2016 - 3:07pm | Filed under: Forced Arbitration

Financial institutions are so peeved with the real prospect of limiting forced arbitration in their fine-print contracts with customers.

The industry had instituted a clever ploy, created by its corporate lawyers, to insert requirements in companies' standard terms and...

December 21, 2015 - 12:42pm | Filed under: Forced Arbitration

In 2015, Banks Banded Together in Class Actions While Attempting to Bar Customers From Doing The Same

Today, Congress passed a $1.8 trillion spending package to fund the U.S. government. The legislation is not perfect, but it’s worth noting happily that many proposed anti-...

October 8, 2015 - 2:45pm | Filed under: Forced Arbitration

Oct. 8 - Yesterday, the Consumer Financial Protection Bureau held a field hearing in Denver to discuss its proposal to...

October 7, 2015 - 3:57pm | Filed under: Forced Arbitration

A consumer can hardly hope to purchase a financial product or service without being subject to fine-print terms that require them to surrender their right to go to court and privately arbitrate any dispute that might come up between them and lenders or other financial institutions. But the CFPB...

January 22, 2015 - 3:12pm | Filed under: Forced Arbitration

The Consumer Financial Protection Bureau has to make an important decision soon about arbitration clauses. Forced arbitration clauses (or “mandatory pre-dispute arbitration clauses” as they are sometimes called) appear in many standard consumer contracts. If you have a Paypal account...

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