arbitration

Wells Fargo claims customers agreed to arbitration... for accounts they never asked for

Wednesday, December 7, 2016

Wells Fargo Killing Sham Account Suits by Using Arbitration [Jennifer] Zeleny, a lawyer who lives outside Salt Lake City and opened a Wells Fargo account when she started a new law practice, said it would be impossible for her to agree to arbitrate her dispute over an account that she had never …

CFPB proposes ban of class action prohibitions in arbitration clauses

Wednesday, October 7, 2015

CFPB proposes ban of class action prohibitions in arbitration clauses The Consumer Financial Protection Bureau said in a press release today: In the Dodd-Frank Wall Street Reform and Consumer Protection Act, Congress required the CFPB to study the use of arbitration clauses in consumer financial …