CFPB Timetable for Possibly Regulating Arbitration

Ballard Spahr's Bowen Ranney reports Consumer Financial Protection Bureau Director Richard Cordray said that the CFPB was “moving ahead” with rulemaking efforts that would address pre-dispute arbitration agreements in consumer financial products or services and “in due course” the CFPB would convene “a small business review panel as the first step” in the rulemaking process.

Arbitration Fairness Act of 2015

The Arbitration Fairness Act would prohibit pre-dispute arbitration agreements in a range of consumer, employment and other contracts. It has been introduced in Congress over many years and again in 2015. Plaintiffs' lawyer Jere Beasley discusses.