Tag: S.J. Res. 47

Reversal of Fortune: Congress Strikes Down CFPB Arbitration Rule Banning Class Action Waivers

Tony LathropArbitration, CFPB, Class Action Waivers, Class Actions, Class Arbitration, Consumer Finance Litigation, Legislative Updates, Litigation, U.S. House, U.S. Senate, White House

U.S. businesses have the good fortune to be on the receiving end of a favorable U.S. Senate vote nullifying the hotly-contested Consumer Financial Protection Bureau (CFPB) rule banning class action waivers in certain consumer finance arbitration agreements. The rule, issued by…

CFPB Final Rule Banning Class Action Waivers in Arbitration Agreements: The Final Front of Opposition as Congress Moves to Nullify It

Tony LathropArbitration, CFPB, Class Action Waivers, Class Actions, Class Arbitration, Consumer Finance Litigation, Legislative Updates, Litigation, U.S. House, U.S. Senate

The Consumer Financial Protection Bureau (CFPB) recently announced the release of its final rule that prohibits the use of class action waivers in certain consumer finance arbitration agreements. This rule banning class waivers has been several years in the making, and…