111 ,

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

This joint resolution nullifies a rule submitted by the Consumer Financial Protection Bureau (CFPB) regarding arbitration agreements.

(The rule regulates the use of arbitration agreements in contracts for specific consumer financial products and services. It prohibits the use of a predispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The rule also requires consumer financial product and service providers to furnish the CFPB with particular information regarding arbitrations.)

Policy Area

Finance and Financial Sector

Legislative Terms

  • administrative law and regulatory procedures
  • alternative dispute resolution, mediation, arbitration
  • business records
  • congressional oversight
  • consumer financial protection bureau
  • consumer credit
  • financial services and investments
  • government information and archives