House Passes Repeal Of CFPB Arbitration Rule

Law360, Washington (July 25, 2017, 6:12 PM EDT) -- The Consumer Financial Protection Bureau's latest rule against forced arbitration is one step closer to being repealed, following a Tuesday vote in the U.S. House of Representatives along party lines to nix the measure.

The 231-190 vote, under the Congressional Review Act, builds on weeks of criticism among congressional Republicans and business groups of the CFPB rule to prohibit forced arbitration in consumer agreements. While Democrats argued the rule preserves Americans' constitutional right to seek redress in court, Republican backers on the floor like resolution sponsor Rep. Keith Rothfus, R-Pa., said the rule would only serve to increase litigation costs while...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!