Litigation & Arbitration
Apr. 5, 2023
Businesses gird to fight proposed CFPB arbitration disclosure rules
Proposed Consumer Financial Protection Bureau rules designed to shed light on which companies demand arbitration agreements in consumer contracts are widely opposed by business groups — and the battle comes as the U.S. Supreme Court considers a case that would challenge the agency’s existence.
A coalition of business groups have come together to oppose rules proposed by the federal Consumer Financial Protection Bureau that appear to be partly inspired by recent California laws.
Proposed in January, the rules are designed to shed light on which companies demand arbitration agreements in consumer contracts. They’re widely opposed by business groups — and the battle comes as the U.S. Supreme Court considers a case that would challen...
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