Arbitration Clauses, Swap Rules, Bonus Bonds: Compliance
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The U.S. Consumer Financial Protection Bureau is seeking comment on the use of clauses that require consumers to resolve disputes with companies through arbitration rather than through the court system.
CFPB Director Richard Cordray said yesterday in an e-mail statement announcing the request that the bureau wants to assess whether rules are needed with respect to arbitration clauses. Comments are due to the agency by June 23.