American Banker: Lobbying CFPB on Arbitration Intensifies

Here (login required).  An excerpt:

Likewise, there was initially deep skepticism inside the banking industry about the CFPB's arbitration study, and there is still a belief among industry insiders that the agency's research is likely to lead to new regulations. * * *

But over the last few months, industry observers have been relatively pleased
with they have seen from the consumer bureau.

Overseeing the arbitration study for the CFPB is Will Wade-Gery, a former
Morrison Foerster lawyer who used to represent financial institutions. * * *

Ballard Spahr's [Alan] Kaplinsky said: "I must say that before having had some discussions
with people at the CFPB about the project, I was probably very skeptical about
whether this would really be a fair study that they would conduct, whether it
would be based on political data, or whether it would be based more on
political leaning. And so far I've been impressed."

Leave a Reply

Your email address will not be published. Required fields are marked *