Consumer Financial Protection Bureau
Cordray announces bid for Ohio governor after leaving CFPBDec. 6, 2017
New CFPB rule prohibits lenders from forcing arbitrationJuly 10, 2017
The CFPB banned banks and other financial services companies from including mandatory arbitration clauses in contracts to prevent consumers pursuing claims of wrongdoing from joining class-action lawsuits. The rule could have a wide-ranging impact on automaker's captive finance units and other auto lenders.