On July 10, 2017, the Consumer Financial Protection Bureau (Bureau) issued a final rule governing agreements that provide for arbitration of future disputes between consumers and providers of specified covered consumer financial products and services (Arbitration Agreements Rule or Rule).
The Arbitration Agreements Rule imposes requirements on “providers,” as defined in the Rule as persons that provide certain consumer financial products and services covered by the Rule. The Rule also imposes requirements on certain service providers who provide services regarding these covered consumer financial products and services.
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