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A Discussion of Industry and Consumer Perspectives on Mass Arbitration
A Discussion of Industry and Consumer Perspectives on Mass Arbitration
ratings:
Length:
63 minutes
Released:
May 16, 2024
Format:
Podcast episode
Description
Our special guest is Professor Richard Frankel of Drexel University Thomas R. Kline School of Law and the author of a recent article on mass arbitration. In this episode, we first discuss what mass arbitration is, how it relates to class action lawsuits, and the role of public enforcement. We then discuss the industry and consumer positions on the use of mass arbitration and the empirical study conducted by Prof. Frankel for his article. We conclude with a discussion of steps that companies using arbitration provisions in their consumer agreements can take to respond to the use of mass arbitration, the application of the Federal Arbitration Act to arbitration agreements containing provisions that address mass arbitration, and the role of state regulation. Alan Kaplinsky, Senior Counsel in Ballard Spahr’s Consumer Financial Services Group, leads the conversation, joined by Mark Levin, Senior Counsel in the Group.
Released:
May 16, 2024
Format:
Podcast episode
Titles in the series (100)
Takeaways for Banks from the CFPB’s Recent Consent Order on Garnishment Orders: In a recent consent order with a national bank, the CFPB found that the bank committed UDAAP violations in its process for handling garnishment orders and by including certain waiver language in its deposit account agreements. We discuss the specific... by Consumer Finance Monitor