CFPB to Host Field Hearing on Arbitration

CFPB Arbitration

On May 5, the CFPB will host a field hearing on arbitration in Albuquerque, New Mexico. Last October, the CFPB assembled its Small Business Review Panel to review proposals to limit pre-dispute arbitration agreements for consumer financial products and services, signaling preliminary stages of the anticipated proposed rulemaking. The May 5 hearing will be the CFPB’s third field hearing on arbitration; the first was in March 2015 and the second in October 2015.