November 02, 2017
Just a day after President Donald Trump nullified a Consumer Financial Protection Bureau arbitration rule that would have allowed customers to file class action lawsuits against financial firms, business groups that sued to overturn the rule dropped their litigation over the regulation.
September 29, 2017
A U.S. Consumer Financial Protection Bureau rule that blocks companies from forcing consumers to go to arbitration instead of filing class action cases is unconstitutional and illegal, according to a U.S. Chamber of Commerce-led lawsuit filed Friday in Texas federal court.