The Consumer Financial Protection Bureau (CFPB) will hold a field hearing today to discuss arbitration. The hearing will feature remarks from CFPB director Richard Cordray as well as testimony from consumer groups, industry representatives and members of the public. It is set for 11:00am MDT in Albuquerque, N.M. The event is open to the general public, but requires an RSVP. See here for the CFPB announcement on the hearing.
The May 5 field hearing will be the third field hearing that the CFPB has held about arbitration. The first hearing was held on March 10, 2015 in Newark, New Jersey, and the second was held on October 7, 2015 in Denver, Colorado.
The field hearing coincides with the release of the CFPB’s Notice of Proposed Rulemaking (NPR) on the use of arbitration agreements in certain consumer financial services contracts.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
