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Home » Press Releases » ICCR urges NO vote on Congressional Review Act resolution that repeals CFPB arbitration rule

ICCR urges NO vote on Congressional Review Act resolution that repeals CFPB arbitration rule

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In a letter sent on July 20, ICCR urged members of the House of Representatives to vote no against a resolution filed under the Congressional Review Act (CRA) that would repeal the Consumer Financial Protection Bureau’s arbitration rule. The CFPB’s arbitration rule restores individuals’ legal rights by limiting the use of one-sided pre-dispute mandatory (or forced) arbitration clauses in consumer financial services contracts. Read more