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CFPB: “Mandatory Arbitration Clauses Sleep with the Fishes”
  • Locke Lord LLP
  • USA
  • May 5 2016

On May 4, 2016, the Consumer Financial Protection Bureau (CFPB) issued long-awaited proposed rules that would, among other things prohibit mandatory

CFPB determined to rewrite consumer contracts and feed class action lawyers
  • Locke Lord LLP
  • USA
  • October 8 2015

On October 7, the CFPB released an outline of proposed rules that would ban consumer financial services companies from using arbitration clauses to

Second Circuit finds that class arbitration waiver clause is unconscionable, refuses to compel arbitration
  • Locke Lord LLP
  • USA
  • September 1 2010

In Fensterstock v. Education Finance Partners and Affiliated Computer Services, Inc., plaintiff Fensterstock commenced a class action lawsuit in the Southern District of New York against Education Finance Partners and Affiliated Computer Services for engaging in fraudulent and deceptive practices in connection with the issuance of student loans