Date: December 11, 2013
Issue: Consumer Financial Protection Bureau
To: Consumer Financial Protection Bureau
Filing Type: Regulatory
Description: In conjunction with a field hearing in Dallas, TX, the CFPB released their initial findings on the use of arbitration clauses in connection with consumer financial products and services, as part of their larger study on arbitration. ILR and CCMC sent a letter, along with additional research, to the Bureau in advance of the hearing to reiterate concerns with the Bureau’s approach to the study.