Congressional Civil Justice Caucus Academy Briefing: Arbitration & the CFPB
Event Date: Friday, May 16 to Friday, May 16, 2014
Location: Rayburn House Office Building Room 2237, Washington, DC
Program Description: The Dodd-Frank Wall Street Reform and Consumer Protection Act mandated that the Consumer Financial Protection Bureau (CFPB) conduct a study on the use of pre-dispute arbitration clauses in consumer financial markets. In December 2013, the CFPB released preliminary results suggesting that few consumers opt to arbitrate their claims. The CFPB is empowered to enact rules restricting or eliminating the use of these arbitration clauses, after the agency submits its final report to Congress.
Please see the below videos of our discussion of arbitration clauses in consumer financial products and services, as well as anticipated results in the upcoming report by the CFPB.
Andrew J. Pincus
F. Paul Bland, Jr.
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