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Will CFPB unintentionally limit consumers’ abilities to resolve disputes?
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Consumer Protection, Dodd-Frank Basics
Tuesday, May 24, 2016
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The Consumer Financial Protection Bureau released its official proposed rulemaking on pre-dispute arbitration. As the name implies, a pre-dispute arbitration agreement is created when the contracting parties agree to use arbitration to resolve a dispute before a dispute has even risen. Concerns were discussed at a House Financial Services Committee hearing about the possibility that proposed class-action waiver bans may harm consumers’ choice in dispute resolution. Read on to learn more.
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