New rules proposed on Thursday by a U.S. consumer watchdog would block credit card companies, banks and other firms from forcing customers to waive their rights to join class action lawsuits and settle disputes only through arbitration. The Consumer Financial Protection Bureau said financial firms should be barred from using fine print in contracts that mandates arbitration instead …
The Consumer Financial Protection Bureau (CFPB) has unveiled a proposed new rule on binding arbitration, those clauses usually buried in the fine print of your credit card agreement that say you can’t sue your bank. You have to go to arbitration instead. The CFPB proposal would let consumers band together to sue in class action lawsuits.
Have you ever used a credit card? Or signed up for a phone plan? Opened a bank account? Chances are, you also agreed to never sue the company that offered you the service. A massive number of everyday services require us to agree with some kind of written contract. From more significant decisions like taking a loan, to the most trivial, like updating iTunes. The government is now …
As we reported last year, in October 2015 the Consumer Financial Protection Bureau published an outline of proposals that would limit the use of arbitration provisions in contracts for consumer financial products. On May 5, 2016, the CFPB followed up by releasing a proposed rule that would ban consumer financial services providers such as banks, credit card issuers, and small-dollar lenders …
A New York court has dismissed the lawsuit of a man who died before certification of a class in his claim against a company that allegedly violated the Telephone Consumer Protection Act. The plaintiff, Mark Hannabury, sued Hilton Grand Vacations over two calls to his cell phone, attempting to sell interests in timeshare properties. Hannabury allegedly was …
Emerson Scott, LLP announces the filing of a class action lawsuit in the United States District Court for the Central District of California on behalf of a California and a nationwide class of persons with Transamerica universal life insurance policies who had sudden increases in their monthly deductions …
Pomerantz LLP announces that a class action lawsuit has been filed against Sunrun Inc. (“Sunrun” or the “Company”) (NASDAQ:RUN) and certain of its officers. The class action, filed in United States District Court, Northern District of California, and docketed under 16-cv-02480, is on behalf of a class …
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Reminds Investors of Class Action Against comScore, Inc. (SCOR) and Lead Plaintiff. Bronstein, Gewirtz & Grossman, LLC, reminds investors of class action against comScore, Inc. (“comScore” or the …
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased PTC Inc. (NASDAQ:PTC) securities between November 24, 2011 and July 29, 2015. …
Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Ruby Tuesday, Inc. (“Ruby Tuesday” or the “Company”) (NYSE:RT) between July 24, 2015 and April 7, 2016, inclusive (the “Class Period”), alleging violations o …