Understanding the Role of the CFPB and the Death of Forced Arbitration
What is it about?
- Appraising the roll back of the rule that bans banks, credit issuers and other financial institutions from using forced arbitration clauses in account contracts
- Reviewing the new rule which restricts a lender’s ability to profit from high-interest, short-term loans
- Comparing the outcomes of cases resolved by arbitrators v. lawsuits seeking class-action status
- Predicting the regulatory efforts under Mulvaney and Trump and the potential impact on the consumer financial services industry