CFPB Director Richard Cordray has published a response to recent criticisms of the Bureau’s arbitration rule, which stops consumer finance companies from using arbitration agreements to block consumers from joining together to seek relief for industry wrongdoing.
CFPB Director Cordray explains why the arbitration rule will benefit consumers.
consejos y actualizaciones más recientes sobre la filtración de información en
Equifax que está afectando a millones de personas.
Our latest tips and updates on the Equifax data breach affecting millions of people.
A collection of the latest releases, tips, updates, known scams, and information from CFPB and other federal agencies working to support the millions of people affected by the Equifax data breach.
Arbitration clauses in consumer financial product and service contracts like credit cards and bank accounts prevent groups of people from taking companies to court for harms that affect many people. Our new rule will help the many people who are harmed together take action together.
CFPB Issues Rule to Ban Companies From Using Arbitration Clauses to Deny Groups of People Their Day in Court
Financial Companies Can No Longer Block Consumers From Joining Together to Sue Over Wrongdoing
Today, we are announcing a final rule that prevents financial companies from using mandatory arbitration clauses to deny groups of consumers their day in court.
Consumer Financial Protection Bureau Proposes Prohibiting Mandatory Arbitration Clauses that Deny Groups of Consumers their Day in Court
Bureau Seeks Comment on Proposal to Ban a Contract Gotcha that Prevents Groups of Consumers from Suing Consumer Financial Companies
CFPB proposes prohibiting mandatory arbitration clauses that deny groups of consumers their day in court
Today, we are proposing rules that would prohibit mandatory arbitration clauses that deny groups of consumers their day in court. Our proposal is designed to protect consumers’ right to pursue justice and relief and deter companies from violating the law.