Consumer Financial Protection Bureau News Flash! May 6, 2016

Consumer Financial Protection Bureau’s Newly Proposed Regulations Would Pave the Way for More Consumer Class Action Lawsuits:  Rule Would Mandate that all Mandatory Arbitration Provisions Carve Out the Consumer’s Right to Participate in a Class Action Lawsuit in Consumer Financial Contracts with Most Financial Institutions May 6, 2016 By: Creditor’s Rights & Bankruptcy Practice Group