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Advocates spar on arbitration proposal to eliminate class action waivers
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Consumer Protection, Corporate Governance, Dodd-Frank Basics, Legislation, Nonbank Financial
Friday, May 6, 2016
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The Consumer Financial Protection Bureau has unveiled its long-awaited proposal on arbitration, seeking to eliminate the use of class action waivers to prevent consumers from joining class action lawsuits. The Small Business Regulatory Enforcement Fairness Act (SBREFA) panel has reported that some small business representatives indicated that class action exposure may reduce their compliance budgets. Read on to learn more.
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