This summer I reported the news that after much study, the CFPB had issued its arbitration rule barring the use of arbitration clauses to preclude class actions with respect to financial services and contracts disputes. The rule would have prohibited banks and other consumer financial companies from including mandatory arbitration clauses that block group lawsuits […]
My recent comments can be seen here: https://wallethub.com/edu/states-where-identity-theft-and-fraud-are-worst/17549/#amy-j-schmitz. The post also notes the rankings for states with the greatest risk of ID theft.
Center for Dispute Resolution at University of Missouri Campus Free Speech Issues and Dispute Resolution Although the free exchange of ideas is fundamental to every university’s mission, events on many of our nation’s campuses in recent years vividly demonstrate that preserving and promoting this principle in a university community presents enormous challenges. Members of the […]
The Consumer Financial Protection Bureau (CFPB) today announced that its recent work resulted in $14 million in relief to more than 104,000 harmed consumers from January through June 2017. The Press release read in part: “Today’s report, the 16th edition of Supervisory Highlights, covers CFPB supervision activities from January through June 2017, and shares observations […]
The CFPB is finally issuing its arbitration rule! I have not yet fully read the rule, but the substance seems to say the same as the proposed rule. It doesn’t make arbitration clauses unenforceable, just the use of arbitration clauses to preclude class actions. Essentially, the press release read in part: “Today’s rule prohibits […]
This is not a usual “consumer tips” posting, but I wanted to share this good news about someone making a difference for workers and consumers! My colleague at the University of Missouri, Rafael Gely, just received the David Petersen Award from the National Academy of Arbitrators. Rafael directs our Center for the Study of Dispute […]
We used to buy goods and services in person. We’d introduce ourselves, look each other in the eye, and negotiate the terms of the transaction. If we thought it was a good deal, we’d seal it with a handshake. That handshake was more than a kind gesture – it signaled that if any problem arose, […]