In 2011, the U.S. Supreme Court upheld the use of class action waivers in consumer arbitration agreements. Nevertheless, the CFPB has now finalized a rule that prohibits the use of such waivers. This is a watershed event in the history of consumer arbitration. Please join us for a discussion of what the CFPB's final arbitration rule does and how it will affect you.

We will discuss the following topics:

  • The background of the CFPB’s arbitration rulemaking;

  • How the CFPB’s final rule compares to its proposed rule on consumer arbitration agreements;

  • Who and what is covered by the final rule;

  • When the final rule takes effect;

  • Whether existing arbitration agreements will be grandfathered;

  • Whether arbitration agreements should continue to be used for individual arbitrations;

  • Possible congressional and legal challenges to the rule;

  • What happens if there is a new Director before the rule becomes effective?

  • What you can do now to maximize the utility of your class action waiver;

  • What you should do now if you don’t have a class action waiver.

To read our recent legal alert relating to the rule, click here.

Date & TIme

Thursday, July 20, 2017
12:00 PM - 1:00 PM ET

Moderator

Alan S. Kaplinsky
Practice Leader
Consumer Financial Services

Speaker(s)

Mark J. Levin

Consumer Financial Services Litigation

Scott M. Pearson
Consumer Financial Services Litigation

This program is open to Ballard Spahr clients interested in data privacy and security in the digital world. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Daniel Martin at martind@ballardspahr.com.

Register