Law Profs, Business Groups Spar Over Proposed Consumer Arbitration Ban

If law professors’ signatures carried authoritative weight, the U.S. Consumer Financial Protection Bureau would already be drafting a new rule to prohibit the companies it regulates from requiring consumers to agree to arbitrate potential claims in advance of any actual dispute.

Nearly 170 law professors signed a Nov. 14 letter urging the CFPB to act on a rulemaking petition submitted to the agency in September by nine consumer advocacy groups, including Public Citizen, Public Justice, the American Association for Justice and Better Markets.

Read the full story here.

Featured Arbitrators

ad
View all

Read these next

Category

Arbitration Conversation No. 16: Prof. Michael Green of Texas A&M School of Law

In this episode of The Arbitration Conversation Amy interviews Prof. Michael Z. Green from Texas A&M School of Law on diversity in arbitration. https://youtu.be/8C8YYNeGZtI

By Michael Green, Amy Schmitz
Category

The Arbitration Conversation No. 36: Mirèze Philippe Special Counsel ICC International Court of Arbitration

In this episode of the Arbitration Conversation Amy interviews Mirèze Philippe, Special Counsel at the International Court of Arbitration, International Chamber of Commerce, on gender diversity in arbitration. https://youtu.be/6URk_FvjHX0

By Mirèze Philippe, Amy Schmitz
Category

Canada – Motion to “Compel” Participation in Arbitration Dismissed, Despite Arbitration Clause

This article was first published on the Arbitration Matters blog, here. In Black & McDonald v. Eiffage Innovative Canada Inc., 2022 ONSC 1855, Justice Dow was faced with two motions: (1)...

By Lisa C. Munro

Find an Arbitrator