The Consumer Financial Protection Bureau (CFPB) finalized the long-anticipated rule to effectively prohibit class action waivers in consumer financial services contracts. The Bureau's actions come at a time when it's constitutionality is being questioned in the courts, and both Congress and the administration are opposed to its tactics.
On July 19, join the U.S. Chamber's Center for Capital Markets Competitiveness (CCMC) and U.S. Chamber Institute for Legal Reform (ILR) to hear from experts, including Senator Tom Cotton, as they discuss the final rule, implications for the industry, and a variety of next steps.
Arbitration serves the interest of individuals and business alike by providing access to justice quickly, fairly, and at a low cost. The U.S. Chamber has argued for years that the CFPB's rulemaking is based on a highly controversial and flawed study that ignored the practical benefits of arbitration. While arbitration is faster and cheaper for consumers, the Bureau chose to release this rule, which will eliminate the option of arbitration for most consumers while lining the pockets of trial lawyers.
Registration and networking breakfast will open at 8:30 a.m., followed by the program from 8:45 a.m. until 10:30 a.m. Cick here to register.