The CFPB Wants to Create an Arbitration Database. Companies Will Hate That.
The Consumer Financial Protection Bureau's sweeping new run to curtail arbitration agreements contains a provision that would create a public online database showing arbitration documents and awards that are still permitted. Companies regularly raise reputational concerns about such databases. The CFPB noted that several industry commenters said the publication of arbitration records would lead "plaintiff's attorneys to bring more frivolous litigation generally."
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