Banks, consumer groups lock horns over arbitration

Frosh among AGs who back proposed curbs on banks' use of mandatory arbitration

Consumer rights advocates, joined by Maryland's attorney general, and the banking industry are going toe to toe over a federal proposal to block banks from using mandatory arbitration to resolve disputes with their customers. The 90-day comment period on a Consumer Financial Protection Bureau proposal to restore customers’ right to file class-action lawsuits against their banks ...

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