Arbitration Agreements

37 organizations filed 38 public comments on Arbitration Agreements, at the Consumer Financial Protection Bureau. The comment window closed 3627d ago.

Abstract

Pursuant to section 1028(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Public Law 111- 203), the Bureau of Consumer Financial Protection (Bureau) is proposing to establish 12 CFR part 10 40, which would contain regulations governing two aspects of consumer finance dispute resolution. First, the proposed rule would prohibit covered providers of certain consumer financial products and services from using an agreement with a consumer that provides for arbitration of any future dispute between the parties to bar the consumer from filing or participating in a class action with respect to the covered consumer financial product or service. Second, the proposal would require a covered provider that is involved in an arbitration pursuant to a pre-dispute arbitration agreement to submit specified arbitral records to the Bureau. The Bureau proposes that the rule would apply to certain consumer financial products and services. The Bureau is also proposing to adopt official interpretations to the proposed regulation.

Commenters (37)

• Online Lenders Alliancetrade assoc.

  2 filings · confidence 85%
• A Professional Associationtrade assoc.

  1 filing · confidence 85%
• Abilene Teachers Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• Alabama Consumer Finance Associationtrade assoc.

  1 filing · confidence 85%
• Alliance for Justicetrade assoc.

  1 filing · confidence 85%
• American Association for Justicetrade assoc.

  1 filing · confidence 85%
• American Bankers Insurance Associationtrade assoc.

  1 filing · confidence 85%
• American Bar Association Section of Dispute Resolutiontrade assoc.

  1 filing · confidence 85%
• American Council of Life Insurerstrade assoc.

  1 filing · confidence 85%
• Bethpage Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• California and Nevada Credit Union Leaguesunverified attribution

  1 filing · confidence 70%
• California Bankers Associationtrade assoc.

  1 filing · confidence 85%
• California New Car Dealers Associationtrade assoc.

  1 filing · confidence 85%
• Chevron Federal Credit Unionunverified attribution

  1 filing · confidence 70%
• Civil Justice Association of Californiatrade assoc.

  1 filing · confidence 85%
• CNG Holding Incunverified attribution

  1 filing · confidence 70%
• Condemi Motor Companyunverified attribution

  1 filing · confidence 70%
• Conference of State Bank Supervisorstrade assoc.

  1 filing · confidence 85%
• Cooperative Credit Union Associationtrade assoc.

  1 filing · confidence 97%
• Ex Parte Memo submitted by Jason Lee on behalf of the CFPB's Credit Union Advisory Counciltrade assoc.

  1 filing · confidence 85%
• Ex Parte Submitted by National Diversity Coalitiontrade assoc.

  1 filing · confidence 85%
• Florida Alliance for Consumer Protectiontrade assoc.

  1 filing · confidence 85%
• Harrison Custom Construction Inc.unverified attribution

  1 filing · confidence 70%
• Independent Automobile Dealers Association of Californiatrade assoc.

  1 filing · confidence 85%
• Institute for Legal Reformtrade assoc.

  1 filing · confidence 85%
• Investment Adviser Associationtrade assoc.

  1 filing · confidence 85%
• Maryland Consumer Rights Coalitiontrade assoc.

  1 filing · confidence 85%
• National Association of Insurance Commissionerstrade assoc.

  1 filing · confidence 85%
• National Association of Mutual Insurance Companiestrade assoc.

  1 filing · confidence 85%
• Native American Financial Services Associationtrade assoc.

  1 filing · confidence 85%
• Rosemary Shahan on behalf of Consumers for Auto Reliability and Safety and the CARS Foundation.trade assoc.

  1 filing · confidence 85%
• SELCO Community Credit Unionunverified attribution

  1 filing · confidence 70%
• Simpson Auto Inc.unverified attribution

  1 filing · confidence 70%
• The Retired Enlisted Associationtrade assoc.

  1 filing · confidence 85%
• The Risk Management Associationtrade assoc.

  1 filing · confidence 85%
• The Woodstock Institutetrade assoc.

  1 filing · confidence 85%
• Tribal Ecommerce Coalitiontrade assoc.

  1 filing · confidence 85%