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CFPB Eyes Nonbank Arbitration Use In Draft Reporting Rule

By Jon Hill ( January 6, 2023, 8:06 PM EST) -- A broad swath of consumer finance firms, including mortgage companies, payday lenders and potentially some fintechs, could have to publicly disclose data on their use of arbitration agreements and other contractual restraints on customers if plans from a Consumer Financial Protection Bureau memo obtained by Law360 go forward....

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