CFPB Issues Preliminary Results of its Arbitration Study
Troutman Sanders’ Financial Services Litigation group had its advisory, “ CFPB Issues Preliminary Results of its Arbitration Study,” featured prominently on the December 18 Today’s General Counsel “Top Stories” roundup.
“In the wake of the Supreme Court’s historic arbitration decision in AT&T Mobility LLC v. Concepcion … the Consumer Financial Protection Bureau (CFPB) took its first public action by issuing … its preliminary report setting forth the results of its comprehensive study of arbitration clauses,” the authors of the advisory stated. “This is the first written report issued by the CFPB related to arbitration clauses and is part of what will likely be a lengthy review process, which may ultimately culminate in regulatory action.”