The Commodity Futures Trading Commission and the Futures Industry Association filed comment letters with the US Bureau of Consumer Financial Protection (CFPB) objecting, in part, to a proposed rule by the CFPB that would prohibit arbitration agreements that barred consumers from filing or participating in class action litigations regarding covered consumer financial products or services. Language in the preamble to the proposed rule would subject the rule’s requirements to “any product or service that is subject to both the Bureau’s and [CFTC’s arbitration rules].” Both the CFTC and FIA pointed out that the CFTC has exclusive jurisdiction over the regulated activities of CFTC registrants, and any CFPB rule may not also regulate such activities.