Congress Kills Obama Ban on Forced Arbitration in Battle Against Class Actions October 25, 2017 By Lisa Lambert Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over...
Finance Industry Sues to End U.S. Rule Curbing Forced Arbitration for Consumers October 2, 2017 By Elizabeth Dexheimer A coalition of corporate lobbying groups, led by the U.S. Chamber of Commerce, sued the Consumer Financial Protection Bureau to...
Republican-Led House Votes to Block Rule Allowing Consumer Class Actions July 26, 2017 By Lisa Lambert The U.S. House of Representatives on Tuesday voted overwhelmingly to erase a new rule that lets bank and credit-card customers...
Ban on Consumer Mandatory Arbitration Clauses Faces Challenges July 20, 2017 By Lisa Lambert and Pete Schroeder A U.S. rule years in the making that was intended to restore consumers’ ability to band together to sue financial...
Consumer Protection Bureau Vows to Defend Mandatory Arbitration Ban July 14, 2017 By Lisa Lambert The political fissure between an Obama-appointed financial overseer and regulators hired by U.S. President Donald Trump is widening, with Consumer...
Banks Blast Rule Exposing Them to Consumer Class Actions July 11, 2017 By Lisa Lambert U.S. banks and credit card companies could be prevented from blocking customers from banding together to sue them under a...