After seven long years of fighting back against the Consumer Financial Protection Bureau’s (CFPB or Bureau) arbitration rule, President Trump issued the final blow on November 1, 2017 when he signed into law a Congressional Review Act (CRA) resolution Congress passed to overturn the rule. To promote this final resolution, the U.S. Chamber Institute for Legal Reform (ILR) and Center for Capital Markets Competitiveness (CCMC) led a multi-face ted campaign challenging the rule, dating back to before the CFPB was established. This campaign included advocating directly to the CFPB, crafting earned and paid media initiatives, working closely with Capitol Hill, researching and writing comment letters, holding events with arbitration experts, conducting studies, and challenging the rule in court.
