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.

CLE credit is pending.

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For additional information, please contact Annie Keating at akeating@mayerbrown.com or +1 312 701 8020.

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

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