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US Treasury Report Finds CFPB Arbitration Rule ‘Will Impose Extraordinary Costs’

by Jim Morrison | Oct 24, 2017 | CR Daily, Executive Briefing, Industry News, Residential Real Estate

A U.S. Treasury report released yesterday is heavily critical of the Consumer Finance Protection Bureau’s new rule banning companies from using mandatory arbitration clauses saying it would “effect a large transfer of wealth to plaintiff’s attorneys.”

U.S. House Begins Process Of Annulling CFPB Arbitration Rule

by Bram Berkowitz | Jul 26, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

U.S. House Republicans quickly put their disdain for the Consumer Financial Protection Bureau’s new arbitration rule into action, voting yesterday 231-90 in favor of a resolution that would annul the regulation, which many community bankers believe to be overly burdensome.

US Treasury Report Finds CFPB Arbitration Rule ‘Will Impose Extraordinary Costs’

U.S. House Begins Process Of Annulling CFPB Arbitration Rule

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