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News
October 8, 2015

Reuters Highlights ILR Opposition to CFPB’s Anti-Arbitration Proposal

Reuters’ Alison Frankel highlights ILR’s opposition to the Consumer Financial Protection Bureau’s (CFPB) proposal to ban the use of arbitration to resolve consumer disputes.

“All options are on the table,” said Matthew Webb, ILR’s senior VP of legal reform policy.

“Class action lawyers shouldn’t start popping the corks on their champagne,” added Andrew Pincus of Mayer Brown, who published this blog post on the proposal at ILR’s website.

“There is a long road ahead particularly as consumers learn that their ability to redress real injuries has been sacrificed for the nonexistent ‘benefits’ of a broken class action system,” added Pincus.

Read the full story here.

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