The Office of the Comptroller of the Currency (OCC) has released a report about the potential effects of the Consumer Financial Protection Bureau’s arbitration rule that it says contradicts findings included in the bureau’s report on the matter.
The OCC’s report asserts that the rule would result in increased credit costs for companies that could be expect to be passed on to consumers.
With such a hotly contested issue, read up on what the latest argument against banning mandatory arbitration is likely to be.