CFPB Issues Proposed Rule on Forced Arbitration Clauses That Ban Class Actions
By Deepak Gupta, Gupta Wessler PLLC The CFPB has just released its much-awaited proposed rule on forced arbitration clauses — arguably the single biggest step the Bureau can take to level the playing field for American consumers. If adopted after notice-and-comment, the CFPB’s new rule would prohibit forced arbitration clauses that prevent consumers from banding together […]