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CFPB arbitration rule limits class action blocks
The CFPB shifts the balance by allowing class actions in contracts while keeping arbitration clauses. The rule aims to curb company-driven group lawsuits and improve transparency in outcomes, though individual payouts may remain small despite widespread consumer protections.
MENTIONED IN THIS ARTICLE
Ashington
x / Consumer Financial Protection Bureau
CFPB
Richard Cordray
Congress
Wall Street
Main Street
Linda Sherry
National Priorities For
Bloomberg News