CFPB's Proposed Rule Targets Consumer Financial Contracts
By EsqSocial Corporation 17/01/25
The Consumer Financial Protection Bureau (CFPB) issued a proposed rule under Regulation AA to address the use of restrictive and coercive clauses in consumer financial contracts. This proposal seeks to prohibit terms in contracts for consumer financial products or services that in the view of the current CFPB limit fundamental rights or shield companies from accountability....
By: Venable LLP