David C. Vladeck is a professor of law at Georgetown University Law Center. Credit: Brent Futrell/Georgetown Law Forced Arbitration: How the Consumer Protection Bureau Can Step in to Fulfill Congress' Mandate
The financial industry has benefited from the use of forced arbitration and will argue that Congress' action under the CRA would bar further action by the CFPB. However, that argument is baseless.
October 03, 2022 at 10:00 AM
7 minute read
Consumer Protection
In 2017, the Consumer Financial Protection Bureau (CFPB) issued a first-of-its-kind rule limiting the use of forced arbitration when it is used by banks and financial institutions against American consumers.
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