Federal Register Publishes CFPB Arbitration Proposal; Comment Period Closes August 22

CFPB Agency Rule-Making & Guidance

On May 24, the CFPB’s proposed rule on arbitration agreements was published in the Federal Register. As previously covered in InfoBytes, the CFPB’s proposal seeks to ban covered providers of most financial consumer products and services from including mandatory pre-dispute arbitration clauses in consumer agreements. Comments on the proposal are due by Monday, August 22, 2016.