Litigation partner Eric Hail discusses the CFPB’s proposed rule prohibiting class action waiver clauses in consumer finance contract arbitration clauses.  He discusses the genesis and foundation of the proposed rule, its proposed terms, its current status in light of the newly elected administration, as well as what consumer finance companies and service providers are doing in response to the proposed rule. 

Listen to the podcast, “The CFPB’s Pending Class Action Waiver Rule and What Companies Are Doing To Prepare,” Sound Advice Series, Section of Litigation, American Bar Association, March 29, 2017 [subscription].