CFPB

Inside Cordray’s ill-fated gamble on CFPB arbitration rule

10/26/17

The stunning defeat of the Consumer Financial Protection Bureau's arbitration rule didn't have to happen, according to critics and former agency officials.

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'This all has the stench of truth about it': Comments of the week

10/26/17

Readers weigh in on Amazon as a bank threat, claims that big banks are poor fintech partners, whether there are too many banks in the U.S. and more.

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Deutsche Bank settles with states; Banks' fleeting victory

10/26/17

German bank says the $220 million settlement closes the book on its Libor-related misdeeds; reopening mandatory arbitration could backfire on banks.

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Is arbitration win a turning point for banks?

10/25/17

The Senate's repeal of the Consumer Financial Protection Bureau rule is arguably the industry's biggest policy victory since passage of Dodd-Frank. But is it the sign of a trend?

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Why it <em>makes sense</em> for credit unions to oppose CFPB arbitration rule

10/25/17

While used infrequently by credit unions, arbitration clauses can be an effective way to ensure both the credit union member and the credit union’s interest are protected when disputes arise.

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Senate votes to kill arbitration rule; banks pay up

10/25/17

Pence breaks tie to overturn rule prohibiting mandatory arbitration; depositors receiving higher rates in effort to retain them.

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Senate votes to repeal CFPB arbitration rule in win for financial institutions

10/25/17

Republicans were able to use an obscure legislative process to overturn a rule that banks and credit unions feared would raise their litigation costs.

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Treasury ignored benefits of CFPB’s arbitration rule: Cordray

10/24/17

Consumer Financial Protection Bureau Director Richard Cordray pushed back against a Treasury Department report critical of the bureau's arbitration rule, saying it overlooked how class action lawsuits help consumers.

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Four questions as Senate vote nears on CFPB arbitration rule

10/24/17

The GOP appears to have barely enough votes to roll back the contentious CFPB rule, and floor debate was expected to begin Tuesday with a final vote possible at any time. But victory was not assured, and the fallout could be significant for all sides.

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Credit unions’ opposition to CFPB arbitration rule makes no sense

10/24/17

Why are credit unions lending their name to this fight when the vast majority of them do not use forced arbitration and have not been caught up in Wall Street’s excesses?

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