Consumer Financial Protection Bureau News

It's time for Richard Cordray to go

By The West Virginia Record | Jul 18, 2017

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the CFPB's statutory authority and fails to advance consumer protection or the broader public interest [and] should be withdrawn.”

CFPB's new rule 'large gift for class action lawyers'; Court challenges coming

By John O'Brien | Jul 13, 2017

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.

Capito, bankers' group support CFPB oversight reform

By Carrie Salls | Jan 24, 2017

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.

Forced arbitration is a rip-off

By Ted Boettner | Oct 18, 2016

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.

The Obama Administration's last-minute attacks on arbitration

By The West Virginia Record | Oct 4, 2016

Trial lawyers don't like arbitration, because arbitration reduces money-making opportunities for trial lawyers.

New federal rule will cut nursing home arbitration clauses

By Chris Dickerson | Sep 30, 2016

WASHINGTON – A new federal rule will make it more difficult for nursing homes to take legal claims to arbitration.

AG's office explains why it wants CFPB to withdraw arbitration rule

By Chris Dickerson | Sep 13, 2016

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.

CFPB? Creating Fortunes for the Plaintiffs Bar?

By The West Virginia Record | Sep 13, 2016

With the Obama administration, overreach comes from every direction.

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