CFPB's rule to limit arbitration opens door to class action against banks

The CFPB is seeking comment on a new proposed regulation that would prohibit mandatory arbitration clauses that deny groups of consumers their day in court, putting into motion discussions that started toward the end of last year. When talk first started surrounding arbitration clauses, it received mixed opinions. Do those concerns still hold true?

from Byrd Mix http://ift.tt/24vhGaD via byrd memphis developer

from Tumblr http://ift.tt/1rxhFB7