The Consumer Financial Protection Bureau (CFPB) has issued a final rule substantially curtailing the ability of financial services providers and consumers to enter into pre-dispute arbitration clauses. The final rule, like the proposed rule that preceded it, would: prevent financial services providers from including arbitration clauses in consumer contracts unless those arbitration clauses expressly permit class actions to proceed in court; and require financial services providers to provide copies of consumer arbitration agreements, claims and decisions to the Bureau for possible publication.
Join Eric J. Mogilnicki, Partner and Ethan (Eitan) Levisohn, Special Counsel with Covington & Burling LLP, for a discussion and analysis of what the CFPB’s final arbitration rule does and its implications for the financial service industry. This event includes a Q&A session moderated by Francis Creighton, President & CEO of the Consumer Data Industry Association.
This final rule marks an important event in the history of consumer arbitration. Register today to learn more about how this rule may impact you.