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Past Event
19 July 2017

United States
12:00 p.m. – 1:00 p.m. EDT
11:00 a.m. – 12:00 p.m. CDT
10:00 a.m. – 11:00 a.m. MDT
9:00 a.m. – 10:00 a.m. PDT

6:00 p.m. – 7:00 p.m. CEST
5:00 p.m. – 6:00 p.m. BST


  • Andrew J. Pincus
    T +1 202 263 3220
  • Archis A. Parasharami
    T +1 202 263 3328
  • Steven M. Kaplan
    T +1 202 263 3005

CFPB Issues Rule Banning Arbitration Agreements with Class Waivers in Financial Services Contracts

On July 10, 2017, the Consumer Financial Protection Bureau issued a final rule that bans the use of arbitration agreements that waive class actions in consumer financial services contracts. The final rule is effectively a blanket ban on the use of arbitration by companies in the consumer financial services arena. The practical impact, if the rule comes into force, will be to overturn the US Supreme Court’s endorsement of arbitration agreements that waive class actions, including the Court’s landmark decision six years ago in AT&T Mobility LLC v. Concepcion.

Please join Andy Pincus, Archis Parasharami and Steve Kaplan as they discuss these developments and how companies might be affected by the rule.

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