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CFPB Issues Rule to Ban Companies From Using Arbitration Clauses to Deny Groups of People Their Day in Court

Categories: Consumer Info/Protection,Financial Crisis/Markets,Laws/Regulations

https://www.consumerfinance.gov/about-us/newsroom/cfpb-issues-rule-ban-companies-using-arbitration-clauses-deny-groups-people-their-day-court/

Press release announcing details of a regulation that would block the use by credit card companies and others of arbitration clauses that prevent consumers from joining in class-action lawsuits.  Includes links to further explanation and the text of the rule.  From the Consumer Financial Protection Bureau