Tag Archives: arbitration clauses

States Urge Rule to Prevent Banks from Forcing Customers into Binding Arbitration

States Ask the CFPB to Protect Banking Consumers’ Access to Justice By Jeff Sorg, OnlineEd Blog (August 17, 2016) – –– Attorney General Karl A. Racine today joined his peers from 18 states in sending a letter to the Consumer Financial Protection Bureau (CFPB) urging the agency to adopt rules that would limit the use of arbitration […]

CFPB Considers Proposal to Ban Arbitration Clauses

“Companies are using the arbitration clause as a free pass to sidestep the courts and avoid accountability for wrongdoing” By Jeff Sorg, OnlineEd Blog (October 9, 2015) – The Consumer Financial Protection Bureau (CFPB) announced it is considering proposing rules that would ban consumer financial companies from using “free pass” arbitration clauses to block consumers from […]