New CFPB rule prohibits lenders from forcing arbitration
11 July 2017, 08:00
The CFPB banned banks and other financial services companies from including mandatory arbitration clauses in contracts to prevent consumers pursuing claims of wrongdoing from joining class-action lawsuits.
Source: http://www.autonews.com/article/20170710/OEM11/170719937/new-cfpb-rule-prohibits-lenders-from-forcing-arbitration
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The CFPB banned banks and other financial services companies from including mandatory arbitration clauses in contracts to prevent consumers pursuing claims of wrongdoing from joining class-action lawsuits.
Source: http://www.autonews.com/article/20170710/OEM11/170719937/new-cfpb-rule-prohibits-lenders-from-forcing-arbitration
Back to news list