Trump Halts Fiduciary Rule Opposed by Financial Advisors; Orders Dodd-Frank Review February 6, 2017 By Elizabeth Dexheimer, Justin Sink and Katherine Chiglinsky President Donald Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial...
Senate Bill Would Let Wells Fargo Customers Sue in Court, Bypass Arbitration December 2, 2016 By Suzanne Barlyn Legislation introduced by two Democratic lawmakers on Thursday would allow Wells Fargo & Co. customers to go to court, instead...
Consumer Bureau Wants Full Court Review of Sole Directorship November 22, 2016 The U.S. Consumer Financial Protection Bureau late on Friday asked the entire U.S. Court of Appeals for the District of...
Rep. Hensarling’s Plan Could Be Blueprint for Trump Revamping of Dodd-Frank November 15, 2016 By Lisa Lambert and Sarah N. Lynch When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the...
Court Limits Director’s Power But Lets U.S. Consumer Protection Bureau Survive October 12, 2016 By Andrew Harris, Bloomberg and Elizabeth Dexheimer The Consumer Financial Protection Bureau survived a constitutional challenge and will remain in business, though a federal appeals court took...
Battle Against Forced Arbitration in Financial Contracts Could Take Years August 22, 2016 By Lisa Lambert A U.S. agency’s plans to ban forced arbitration clauses from financial contracts faces a tough road, with early reaction pointing...
U.S. Consumer Rules Would End Mandatory Arbitration Clauses That Limit Class Actions May 5, 2016 By Lisa Lambert A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing...
Consumer Agency Seeks to Limit Financial Firms’ Arbitration Clauses October 7, 2015 By Sarah N. Lynch Banks and credit card companies may not force customers to sign away their legal rights to take part in class...
Business Lobbies Seek Probe of Medical Funding Industry August 27, 2015 By Alison Frankel and Jessica Dye Two business lobbying groups this week called on the Consumer Financial Protection Board to investigate the medical funding industry after...
U.S. Consumer Bureau Moves to Restrict Mandatory Arbitration Clauses March 10, 2015 By Carter Dougherty Financial companies routinely use mandatory arbitration to block class-action lawsuits, making it difficult for consumers to win big payouts in...