On July 10, 2017, in a 775-page release, the Consumer Financial Protection Bureau (“CFPB”) issued its long-awaited final arbitration rule (“Arbitration Rule”) pertaining to consumer finance contracts. The Arbitration Rule, which until now was in the comment stage with its final issuance in question, largely mirrors the proposed rule from May 2016, with a few … Continue Reading
On July 11, 2017, the Consumer Financial Protection Bureau adopted a final rule that bars financial firms from forcing consumers into mandatory arbitration clauses as a condition of opening an account.… Continue Reading
As with other areas of the law, the recent presidential election will present both challenges and opportunities for retailers concerned with financial and securities regulation. The appointment of financial markets regulators is one of the principal means by which the President affects regulation of financial markets, which in turn could affect the availability of credit for retailers and the overall economic environment in which they operate. … Continue Reading
This week, a number of consumer, self-regulatory and regulatory actions made headlines that affect the retail industry. Continue reading for our weekly roundup.… Continue Reading
This week, a number of consumer and regulatory actions made headlines that affect the retail industry. Continue reading for our weekly roundup.… Continue Reading
This week, a number of consumer and regulatory actions made headlines that affect the retail industry. Continue reading for our weekly roundup. … Continue Reading
On August 4, 2014, the Office of the Comptroller of the Currency (the “OCC”) of the US Department of the Treasury issued new guidance outlining sound banking practices related to consumer debt sales to third-party debt buyers. The bulletin sets forth the OCC’s expectations for banks that engage in debt-sale arrangements and applies to all … Continue Reading
