Treasury Department Report Eviscerates CFPB Arbitration Rule

In a scathing report released today, the U.S. Department of the Treasury concludes that the CFPB's final arbitration rule "failed to meaningfully evaluate whether prohibiting mandatory arbitration clauses in consumer financial contracts would serve either consumer protection or the public interest — its two statutory mandates."  Moreover, according to the report, the arbitration rule will... Continue Reading…...(read more)

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