Lyons v. PNC Bank, N.A.
The Bureau filed an amicus brief addressing the Truth in Lending Act’s restriction on mandatory arbitration clauses in home loans and other agreements “relating to” home loans. The Bureau argued that the restriction barred the defendant’s attempt to compel arbitration based on an arbitration clause that appeared not in the home-loan agreement itself but in a separate agreement with the consumer. That agreement purported to provide the defendant with a means of making payment on the consumer’s home loan and thus “related to” the home loan.