NACA Submits Comment in Support of CFPB's Proposed Arbitration Rule

Publish Date: 
August 22, 2016
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The National Association of Consumer Advocates was pleased to submit comments to the Consumer Financial Protection Bureau’s proposed rule to curb the use of predispute binding mandatory arbitration (forced arbitration) clauses in contracts for consumer financial products and services. NACA commends the CFPB’s exhaustive arbitration study and we support the CFPB’s decision to eliminate terms in contractual arbitration requirements that bar consumers from filing or participating in class actions. Read our comments.