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AAJ urges CFPB to scrutinize use of arbitration clauses

WASHINGTON – Calling the use of binding pre-dispute arbitration clauses in consumer contracts a “practice of forcing consumers to give up fundamental rights,” the American Association for Justice is calling on federal regulators to study the prevalence of such clauses ...

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Auto lessor waived arbitration rights

An automobile lessor waived its right to enforce an arbitration clause in its lease agreement by actively participating in its lessee’s consumer protection lawsuit for four months before requesting a stay of proceedings, the California Court of Appeal has ruled ...

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CFPB opens public inquiry on use of arbitration clauses

WASHINGTON – The Consumer Financial Protection Bureau wants to know what you think about arbitration clauses. The Bureau kicked off an effort to study the effects of arbitration clauses in credit card agreements, mortgage contracts and other financial products by ...

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