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If CFPB rule survives, arbitration may not
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Consumer Protection, Legislation
Friday, July 14, 2017
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The days of arbitration being the go-to, cost-effective method for financial companies to resolve lawsuits with consumers could come to an end if a new rule released by the Consumer Financial Protection Bureau is implemented. Ballard Spahr Practice Leader Alan Kaplinsky and BuckleySandler Partner Ben Olson spoke with Dodd Frank Update about the implications of the rule, which prohibits companies from using arbitration agreements that disallow their customers from joining class action lawsuits. Read on to find out what they had to say.
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