Last year, West Virginia Attorney General Patrick Morrisey and other state AGs expressed concern that a rule on arbitration agreements proposed by the Consumer Financial Protection Bureau “exceeds the CFPB's statutory authority and fails to advance consumer protection or the broader public interest [and] should be withdrawn.”
Consumer Financial Protection Bureau News
WASHINGTON (Legal Newsline) – As the director of a federal consumer protection agency seemingly fights for his job, he has gone forth with plans to finalize a controversial rule – and a court challenge seems imminent.
WASHINGTON – U.S. Sen. Shelley Moore Capito (R-W.Va.) supports the type of Consumer Financial Protection Bureau oversight reform proposed by a bill introduced Jan. 13.
CHARLESTON – Earlier this month, an editorial in The West Virginia Record described attempts to restore consumers’ right to hold criminal corporations accountable in court as nothing more than a money grab for trial lawyers.
Trial lawyers don't like arbitration, because arbitration reduces money-making opportunities for trial lawyers.
WASHINGTON – A new federal rule will make it more difficult for nursing homes to take legal claims to arbitration.
CHARLESTON — West Virginia Attorney General Patrick Morrisey recently led a coalition of AGs urging the Consumer Financial Protection Bureau (CFPB) to withdraw its arbitration rule that attempts to limit companies from including mandatory arbitration clauses in consumer financial agreements.