Under a controversial new final rule issued by the Consumer Financial Protection Bureau (CFPB) on July 10, 2017, banks and credit card companies are prohibited from forcing consumers into arbitration to avoid class action...more
7/12/2017
/ Arbitration ,
Arbitration Agreements ,
Banks ,
Class Action ,
Class Action Arbitration Waivers ,
Congressional Review Act ,
Consumer Contracts ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Cards ,
Dodd-Frank ,
New Rules ,
Richard Cordray ,
Service Contracts ,
Trump Administration
A federal court's interpretation of an excess revenue statute could bring an end to many capital credit lawsuits brought by current and former members of rural electric cooperatives challenging the distribution of patronage...more
Two recent dismissal orders – filed within days of each other – signal positive news to rural electric cooperatives defending actions brought by former or current members regarding the distribution of patronage capital and...more
3/3/2017
/ Appeals ,
Class Action ,
Dismissal With Prejudice ,
Electric Cooperative ,
FDUTPA ,
Motion to Dismiss ,
Revenue ,
Rural Areas ,
Unjust Enrichment ,
Utilities Sector ,
Voluntary Dismissals
Since April 2014, seven cases have been filed in Florida against rural electric cooperatives regarding the distribution of patronage capital. In each of these putative class action cases, the plaintiff – a customer and member...more