Date: August 22, 2016
Issue: Consumer Financial Protection Bureau
To: Consumer Financial Protection Bureau
Filing Type: Regulatory
Description: The undersigned associations and organizations,ask, for the reasons set forth in this letter, that the Bureau withdraw the Proposal because it would have the practical effect of eliminating the availability of low-cost, efficient, and fair arbitration programs for consumers. If the Bureau will not go back to the drawing board, we respectfully encourage the Bureau to consider adopting in any final rule a more tailored approach to regulating arbitration agreements that preserves consumers’ access to arbitration.