Government,
Administrative/Regulatory
Nov. 1, 2017
CFPB overreach sunk its own arbitration rule
The end for the Consumer Financial Protection Bureau's controversial "arbitration agreements" rule was not really the dramatic 50-50 vote broken by Vice President Mike Pence in the Senate last week, though that did put the rule one presidential signature away from repeal.
J.W. Verret
Associate Professor
George Mason University
J.W. is an associate professor at the Antonin Scalia Law School, a senior scholar with the Mercatus Center, and chairs a working group of the Federalist Society's Regulatory Transparency Project.
Chad Reese
Assistant Director
George Mason University
Chad is the assistant director of outreach for financial policy at GMU's Mercatus Center.
The end for the Consumer Financial Protection Bureau's controversial "arbitration agreements" rule was not really the dramatic 50-50 vote broken by Vice President Mike Pence in the Senate last week, though that did put the rule one presidential signature away from repeal. The real beginning of the end was Dec. 13, 2013, when the CFPB began overreaching in its first report on mandatory arbitration agreements.
The primary debate is ove...
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