Some of the reforms in the financial services industry that President-elect Donald Trump has vowed to enact may take some time. There are others he might be able to accomplish more quickly.
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State AGs Back CFPB’s Arbitration Clause Ban
Earlier in August, 65 House Democrats wrote a letter to the CFPB urging them to pass their proposal to ban the use of arbitration clauses in business contracts. Now several state attorneys general are behind the proposal.
Read More »House Dems Urge Cordray to Pass Arbitration Clause Ban
Sixty-five House Democrats expressed strong support for the CFPB's proposed rule to prohibit the use of forced arbitration in consumer contracts in the form of a letter to CFPB Director Richard Cordray on Wednesday,
Read More »House Committee Questions Motive Behind Arbitration Proposal
The House Financial Services Committee examined the Consumer Financial Protection Bureau's (CFPB's) recently proposed arbitration rule, questioning if the rule is in the "public interest and for the protection of consumers."
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