CFPB’s Cordray pleads with President Trump to spare arbitration ban
With President Trump likely to sign away the CFPB’s ban on mandatory arbitration clauses, Director Richard Cordray has lobbed the political equivalent of a Hail Mary pass: a direct, personal letter seeking reconsideration.
Related articles
-
Article
SEC keeps options open for mandatory shareholder arbitration
SEC Chairman Jay Clayton has floated the idea of mandatory shareholder arbitration, raising issues about agency enforcement and investor protection.
-
ArticleCFPB makes move to stake a claim against bankrupt Synapse, the fintech software company
Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.
-
News BriefCFPB could run out of money by fall, report says
The Trump administration declawed the Consumer Financial Protection Bureau from the very beginning of his second term. It now appears the agency might be running out of money.