arbitration

CFPB Likely to Pass New Arbitration Rules

It is likely that the Consumer Financial Protection Bureau (CFPB) will finalize rules which will ban banks from implementing arbitration clauses that prevent customers from filing class-action lawsuits. Forbes reported that Alan Kaplinsky, leader of the Consumer Financial Services Group for the firm Ballard Spahr LLP, recently said there was an 80% chance the rule will be finalized before