Class Action Defense News, Developments and Commentary

Class Action Lawsuit Defense

Home | Class Action Lawsuit Defense

The Consumer Financial Protection Bureau (CFPB) has published the final Arbitration Agreements Rule, which impacts the way claims involving consumer financial products and services are handled in the future, including a prohibition against providers of such products and services from relying on a predispute arbitration agreement that includes an arbitration clause barring a consumer from filing or participating in a class action. BakerHostetler’s Financial Services Team just released an Executive Alert and blog post regarding this development.  The blog post can be found <a href="https://www.finservblog.com/2017/07/revisiting-the-enforceability-of-class-action-waivers-in-consumer-financial-contracts/">here</a>.

Revisiting the Enforceability of Class Action Waivers in Consumer Financial Contracts