Program Description: The Dodd-Frank Wall Street Reform and Consumer Protection Act mandated that the Consumer Financial Protection Bureau (CFPB) conduct a study on the use of pre-dispute arbitration clauses in consumer financial markets. In December 2013, the CFPB released preliminary results suggesting that few consumers opt to arbitrate their claims. The CFPB is empowered to enact rules restricting or eliminating the use of these arbitration clauses, after the agency submits its final report to Congress.
Andrew J. Pincus
Partner, Mayer Brown LLP
F. Paul Bland, Jr.
Executive Director, Public Justice
For More Information, Contact: Congressional Civil Justice Caucus Academy