'Dear Rich,' Dear Keith': Friendly in Their Letters, Foes Over Arbitration
Keith Noreika of the OCC spars with the CFPB's Richard Cordray over his support for class actions.
Keith Noreika, acting comptroller of the currency, and Richard Cordray, director of the Consumer Financial Protection Bureau, are sparring over the CFPB's new, and controversial, push to restrict arbitration agreements that ban class actions in the banking and finance industries. Here's some of the back and forth between Keith and Rich.
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