Zane Gilmer discusses CFPB Arbitration Rules in Legal Newsline Article
In a March Legal Newsline article, Zane Gilmer offers his thoughts on the anticipated new rules from the Consumer Financial Protection Bureau (CFPB) which would restrict the use of arbitration provisions in consumer agreements.
A recent speech given by Richard Cordray, the director of the CFPB, summarized the CFPB’s earlier statements on the topic and reinforced speculation that the bureau will release new rules: "Arbitration clauses, as they are used today both in the field of consumer finance and more generally, often have been deliberately designed to block Americans from effective means of vindicating their rights."
Zane discusses when he thinks the anticipated rules are likely to be released, and what his thoughts are on regulation that is expected to impose limits on class action waivers that prevent the opportunity to bring class action lawsuits.
Read the full article:"Attorney expects CFPB to release new arbitration rules this year."
Zane Gilmer’s practice focuses on business litigation, white collar crime and investigation, and regulatory compliance. He regularly represents clients in state and federal courts and arbitration forums across the country. Zane regularly presents on emerging litigation of compliance issues and is a frequent contributor of the firm’s Dodd-Frank blog. He works out of the firm’s Denver office.