The Knowledge Group Has Scheduled a Live Webcast on To Decline or to Accept? - Scrutinizing CFPB's New Arbitration Rule Proposal
This two-hour event is scheduled on December 5, 2016 at 10:00 PM - 12:00 PM ET.
- (1888PressRelease) November 30, 2016 - The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: To Decline or to Accept? - Scrutinizing CFPB's New Arbitration Rule Proposal.
The Consumer Financial Protection Bureau's (CFPB's) Notice of Proposed Rulemaking on Arbitration Agreements is facing a strong opposition as various organizations from the financial industry flood the agency with comments rebutting the proposed rule. The contentious regulation would prohibit mandatory arbitration clauses in consumer financial contracts and would require companies to disclose information regarding the arbitrations conducted under agreements.
In their 42-page rebuttal, the American Bankers Association, the Consumer Bankers Association and the Financial Services Roundtable, have unanimously expressed their dissatisfaction on CFPB's perceived failure to consider alternatives. They presented arguments on the efficiency of arbitration for both consumers and financial services companies.
The sturdy disapproval from the industry indicates a rocky road for CFPB's completion of the regulation. If finalized, the regulation is expected to cause sweeping implications to companies' consumer financial product and services offering. It would also impact the resolution of consumer disputes and the mitigation of potential liability. Firms should start mulling over numerous considerations at play.
In this two-hour LIVE Webcast, a panel of distinguished professionals and thought leaders assembled by The Knowledge Group will help consumer financial services companies understand the important aspects of this significant topic. They will provide an in-depth discussion of the Proposed Rule and will also offer best practices in responding to the new regulatory landscape.
Shutts & Bowen LLP
Jennifer D. Newton
Pepper Hamilton LLP
Mark T. Dabertin
Sheppard, Mullin, Richter & Hampton LLP
John C. Dineen
Mark G. Rackers
For an updated list of the faculty panel, please visit:
About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.
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