Class Actions Blog

Archive for the ‘Forced Arbitration’ Category

The America Legion has asked President Trump to veto the recently passed bill undercutting the CFPB rule on forced arbitration

Posted on: November 9th, 2017 by Steve Larson

The leader of the nation’s largest veterans’ service organization expressed concern over the loss of financial protections for veterans and service members in the wake of a U.S. Senate late night vote on Wednesday. Fifty-one members of the Senate voted to overturn a recent Consumer Financial Protection Bureau (CFPB) rule on arbitration agreements intended to provide consumers with an opportunity to sue in court when they have been harmed by financial institutions.

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Senate Republicans kill CFPB rule banning forced arbitrations

Posted on: October 26th, 2017 by Steve Larson

Senate Republicans narrowly passed a resolution to kill a recently adopted Consumer Financial Protection Bureau (CFPB) rule prohibiting financial firms from requiring customers to resolve any disputes with the firms through individual arbitrations. Big banks and credit card companies routinely include so-called forced arbitration provisions in their account agreements, which prohibit class action.

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Cordray says opponents of CFPB rule on banning forced arbitration are making false statements, including OCC head Noreika

Posted on: October 23rd, 2017 by Steve Larson

In an opinion article in The Hill, CFPB Chairman Richard Cordray explains why the statements being made by OCC head Noreika are false.  Here is the link.

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Media just becoming aware that Georgia Representative is seeking to gut the Fair Credit Reporting Act to protect Equifax

Posted on: September 27th, 2017 by Steve Larson

Many articles are now appearing pointing out that Georgia Representative Loudermilk proposed a bill to gut the regulations applicable to Equifax (which is headquartered in Georgia) just before the data breach became public. Here are links to the articles:

Vanity Fair

New Republic

NBC News

Wall Street Journal (paid subscription required)

Law.com

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L.A. Times says Equifax forced arbitration clause is not the outrage, it is all the others

Posted on: September 26th, 2017 by Steve Larson

David Lazarus, a business reporter for the L.A. Times, wrote an article stating that consumers are just now becoming aware of the forced arbitration issue because of the Equifax attempt to force consumers whose data had been stolen to waive their right to bring cases in court by inserting a forced arbitration clause in the small print of a credit monitoring product that was offered as a remedy for the breach. Mr. Lazarus said the real outrage is that the use of forced arbitration clauses are so pervasive.

Here is the link to the article.

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9th Circuit Court of Appeals reverses order requiring arbitration

Posted on: September 19th, 2017 by Keith Dubanevich

The 9th U.S. Circuit Court of Appeals recently reversed a District Court decision that forced Verizon customers into an arbitration against a different company, Turn, Inc. The Court found that the claims did not arise out of the Verizon contract which contained an arbitration clause.

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The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.

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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

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  • Steve Larson

  • Keith Dubanevich
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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