Uber won praise on May 12, 2018, when it announced it would no longer steer sexual misconduct claims into arbitration. However, the announcement failed to note that the company refrained from any promises that it would free victims from arbitration agreements if their claims are part of class action litigation.
A new report authored by Loyola University of New Orleans College of Law Professor Imre S. Szalai, finds that 80 percent of Fortune 100 companies use arbitration in their employment documents, nearly half of which contain class and collective action bans.
A brief remark from SEC Commissioner Michael Piwowar during a July 17, 2017, Q&A suggests that he believes the U.S. Securities and Exchange Commission might soon allow companies to introduce mandatory arbitration clauses into their corporate charters.
On July 20, 2017, Congressional Republicans began a process to attempt to eliminate a Consumer Financial Protection Bureau rule that stops companies from putting class action bans in their arbitration clauses and makes it easier for consumers to sue banks, credit card firms, payday lenders and other service providers in court.
On July 10, 2017, the Consumer Financial Protection Bureau (CFPB) announced a new rule to ban companies from using mandatory arbitration clauses to deny groups of people their day in court.