Arbitration

Inside payday lenders’ plan to scuttle CFPB rule

10/11/17

The payday lending industry is planning to use the same playbook employed by the financial services industry in its fight against the CFPB's arbitration rule.

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Calif. bars financial firms from imposing mandatory arbitration

10/05/17

Wells Fargo's home state of California passed a law aimed at curtailing the bank's use of closed-door arbitration to shroud complaints from aggrieved customers affected by its scandals.

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New CEO, same drubbing for Wells on Capitol Hill

10/03/17

Wells Fargo CEO Tim Sloan took heat from Senate Democrats, who questioned his fitness for the job, the bank's use of mandatory arbitration clauses and even whether its charter should be revoked.

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'Too big to seriously punish': Comments of the week

10/02/17

Readers comment on the ripple effects of the Equifax breach, who benefits from the CFPB's final arbitration rule, gender-related issues in financial services, and more.

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U.S. Chamber, banking groups sue over CFPB arbitration rule

09/29/17

The groups argue that the CFPB did not properly conduct a cost-benefit analysis of the rule banning mandatory arbitration agreements and that the final product will harm, not help, consumers.

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Fintech charter open to commercial firms: OCC's Noreika

09/28/17

Acting Comptroller of the Currency Keith Noreika affirmed Thursday that the agency’s fintech charter, if implemented, could be granted to commercial firms like Walmart or Google.

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‘Talk about unfair and deceptive!’: Comments of week

09/22/17

Readers chime in on debates about ILCs, the CFPB’s arbitration rule, the financial services ambitions of tech firms and more.

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CFPB arbitration rule is an undeniable win for consumers

09/22/17

The Consumer Financial Protection Bureau’s final rule on arbitration clauses may be bad news for alleged corporate wrongdoers like Equifax and Wells Fargo, but surely for the victims of such wrongdoing — and for consumers, generally — it is good news indeed.

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GOP undeterred on arbitration rule repeal despite Wells, Equifax

09/21/17

Democrats have striven to paint recent scandals at Wells Fargo and Equifax as prime examples of why a regulatory rule banning mandatory arbitration agreements should be upheld, but Republicans are not wavering on their desire to overturn it.

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Lawmakers to grill Equifax, Wells CEOs in busy week of hearings

09/21/17

The hearings before the Senate Banking Committee have high stakes for both companies, as lawmakers are expected to ask the CEOs whether they should be fired.

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