CFPB Director Says Arbitration Rule Not A Threat To Banks
By Evan Weinberger ( July 13, 2017, 6:33 PM EDT) -- Consumer Financial Protection Bureau Director Richard Cordray has said that his bureau's new rule eliminating class action bans from arbitration agreements posed no risk to the banking system and rejected a fellow regulator's claim that there was not sufficient coordination with other regulators in drafting the rule....
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