PYMNTS

NOVEMBER 2, 2018

Australia’s new government entity, designed to support small businesses (SMBs) claiming mistreatment by their banks, has opened its doors, reports in Smart Company said this week. Small businesses with disputes can go to the AFCA, which will first tackle any issues via informal methods, including mediation.

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PYMNTS

APRIL 11, 2019

Lawmakers in Australia are pushing for legal assistance for small businesses that find themselves in dispute with banks, reports in The Sydney Morning Herald said Wednesday (April 10). The commission is also recommending a levy imposed on financial institutions to support small businesses and connect them to assistance.

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CFPB Monitor

NOVEMBER 3, 2022

Among other things, the final regulations prohibit institutions that participate in the Federal Direct Loan program from requiring borrowers to sign mandatory pre-dispute arbitration agreements or class-action waivers that would be applicable to disputes about Direct Loans. In a landmark 2018 decision, Epic Systems, Inc.

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CFPB Monitor

SEPTEMBER 21, 2022

For example, the letter contends that relatively few consumers actually pursue arbitration when a dispute arises. Indeed, the CFPB has encouraged its own employees to use arbitration to resolve workplace disputes. Further to this point, a November 2020 study by the U.S.

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CFPB Monitor

AUGUST 17, 2015

In a recent blog post , Professor Jeff Sovern responded to our blog post indicating that the CFPB’s March 10, 2014 Arbitration Study strongly supports the industry’s view that consumers fare better in arbitration than litigation in general and class actions in particular. Kaplinsky and Mark J.

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CFPB Monitor

JUNE 20, 2022

The employment agreement in Viking River contained a class action waiver providing that in any arbitral proceeding, the parties could not bring any dispute as a class, collective, or representative PAGA action. Her complaint also asserted a wide array of other code violations allegedly sustained by other Viking employees.

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CFPB Monitor

AUGUST 23, 2016

The firm also served as counsel to the Associations in preparing comment letters on the CFPB’s March 2015 empirical study of arbitration and its April 2012 Request for Information Regarding Scope, Methods, and Data Sources for Conducting Study of Pre-Dispute Arbitration Agreements. ” (emphasis added).

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