CFPB Turns Focus to Arbitration Agreements in Credit Contracts

Richard Cordray, Director of the CFPB is in Dallas today to speak at a field hearing on arbitration clauses in credit contracts. The Bureau also released a report Thursday that showed arbitration clauses are commonly used by large credit card issuers and that roughly 9 out of 10 clauses allow banks to prevent consumers from participating in class actions.

Today's News and Opinion

Hilco Global Announces New Retail Board of Advisors December 12, 2013 insideARM.com
BillingTree to Host Series of Payment Compliance Webinars December 12, 2013 insideARM.com
Another State AG Targets Debt Buyer Over Collection Suit Affidavits December 11, 2013 Patrick Lunsford
Interesting Developments in the China Debt Purchase Market December 11, 2013 Mike Ginsberg
Phoenix Debt Collection Agency Helps Grant Holiday Wish For Two Children With Visit To Disneyworld December 11, 2013 insideARM.com
CFPB: No “Crisis” in Debt Collection, But Problems Need Correcting December 10, 2013 Kim Phan
All Creditors In U.S. To Be Impacted New CFPB Debt Collection Rules December 10, 2013 Martin Sher
European ARM Firm Lindorff Hires Banks to Run IPO December 10, 2013 Patrick Lunsford
ARM Industry Groups Working Feverishly on Unified Response to CFPB December 9, 2013 Patrick Lunsford
CLS and Q-Soft Agree to Create Largest Legal Collection Software Developer December 9, 2013 insideARM.com
Fed Reports Jump in Credit Card Debt in October December 9, 2013 Patrick Lunsford

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