EXISTING CLIENTS: 504-541-9005 NEW CLIENTS: 504-888-8300

blog Archives

Overturned Arbitration Rule Could Facilitate Debt Collection

Congress recently voted to overturn a rule put forth by the Consumer Financial Protection Bureau that prohibited banks and other financial institutions from using mandatory arbitration clauses in the fine print of their contracts. Mandatory arbitration clauses prevent consumers from opting out of a requirement that they use arbitration to resolve disputes. In other words, mandatory arbitration clauses mean that consumers cannot band together against banks or other institutions in a class action lawsuit. Instead, each complaint must be handled individually behind closed doors.


3800 Florida Avenue
Suite 100
Kenner, LA 70065

Toll Free: 877-888-8307
Phone: 504-541-9005
Phone: 504-305-3103
Map & Directions