Inside Cordray’s Ill-Fated Gamble on CFPB Arbitration Rule

National Mortgage News, Oct. 26, 2017–Kate Berry (subscription)
The stunning defeat of the Consumer Financial Protection Bureau’s arbitration rule didn’t have to happen. That was the message from critics and former agency officials who say the bureau erred in how it designed the final rule, putting too much emphasis on class action litigation as a panacea for consumers.