Jul

    CFPB's Proposed Arbitration Ban -- What You Need To Know

    11 AM EDT

    The CFPB recently proposed rules prohibiting mandatory arbitration clauses in contracts for consumer financial products and services. The rules are expected to take effect next year following a 90-day public comment period which ends on August 22, 2016.  Proponents of the rules argue that arbitration clauses prevent aggrieved consumers from obtaining relief particularly since they foreclose the right to file or join class actions.  Defenders of mandatory arbitration clauses assert that they provide faster, better, and more cost-effective means of addressing consumer disputes and the CFPB’s proposed rules will increase the cost of financial services benefiting trial attorneys more than consumers. Panelists will discuss the pros and cons of the CFPB proposal and the implications for the use of arbitration clauses in other industries.

    Moderator:

    * Svetlana Gans, Federal Trade Commission

    Speakers:

    * F. Paul Bland, Jr., Public Justice
    * George R. Calhoun, Ifrah Law
    * Alan S. Kaplinsky, Ballard Spahr LLP
    * Lawrence Lee, Consumer Financial Protection Bureau
    * Honorable Judge Berle M. Schiller, Senior US District Judge for the  Eastern District of Pennsylvania

    FREE:  Antitrust Section Members, Business Law Members, Government, Non-profit Employees, Students,  $25 Other Non-Members

    Explore Section benefits or call 1-800-285-2221 to join. Code RAT14IP25.   For this and all upcoming events visit http://ambar.org/atevents.
     
    CLE:

    The ABA is not seeking CLE credit for this program.

    Audio Archive: Provided all releases are obtained, MP3 recordings of this program will be available to Section members on the Committee Program Audio page.

     

     

     

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    CFPB's Proposed Arbitration Ban -- What You Need To Know

    Event Details

    Format

    Teleconference

    Date

    Jul 20, 2016

    2016-07-20T11:00:00-04:00 2016-07-20T12:00:00-04:00 CFPB's Proposed Arbitration Ban -- What You Need To Know

    The CFPB recently proposed rules prohibiting mandatory arbitration clauses in contracts for consumer financial products and services. The rules are expected to take effect next year following a 90-day public comment period which ends on August 22, 2016.  Proponents of the rules argue that arbitration clauses prevent aggrieved consumers from obtaining relief particularly since they foreclose the right to file or join class actions.  Defenders of mandatory arbitration clauses assert that they provide faster, better, and more cost-effective means of addressing consumer disputes and the CFPB’s proposed rules will increase the cost of financial services benefiting trial attorneys more than consumers. Panelists will discuss the pros and cons of the CFPB proposal and the implications for the use of arbitration clauses in other industries.

    Moderator:

    * Svetlana Gans, Federal Trade Commission

    Speakers:

    * F. Paul Bland, Jr., Public Justice
    * George R. Calhoun, Ifrah Law
    * Alan S. Kaplinsky, Ballard Spahr LLP
    * Lawrence Lee, Consumer Financial Protection Bureau
    * Honorable Judge Berle M. Schiller, Senior US District Judge for the  Eastern District of Pennsylvania

    FREE:  Antitrust Section Members, Business Law Members, Government, Non-profit Employees, Students,  $25 Other Non-Members

    Explore Section benefits or call 1-800-285-2221 to join. Code RAT14IP25.   For this and all upcoming events visit http://ambar.org/atevents.
     
    CLE:

    The ABA is not seeking CLE credit for this program.

    Audio Archive: Provided all releases are obtained, MP3 recordings of this program will be available to Section members on the Committee Program Audio page.

     

     

     

    Speakers

    Sponsors

    Consumer Protection

    Section of Antitrust Law

    Co-sponsors

    Business Law Section

    Cyberspace Law

    Insurance and Financial Services

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