By Sylvan Lane, The Hill “Acting Comptroller of the Currency Keith Noreika said Monday his agency wouldn’t formally seek the repeal of the Consumer Financial Protection Bureau’s (CFPB) forced arbitration rule, citing a lack of time to analyze its impact. Noreika, temporary head of the Office of the Comptroller of the Currency (OCC), said the OCC…
By Jean Murray Arbitration clauses in business and consumer contracts have been growing in recent years. Over the past few years, many online companies have instituted mandatory arbitration clauses in user contracts. In some cases, consumers are not aware of the mandatory arbitration clauses, because they are in fine print within a user agreement, or the…
AD-Hoc Arbitration in Business Contracts Dispute Resolution has come a long way. In the past, the common perception for solving all disputes lied in the processes of court. With time, courts of law became congested and it was therefore required that other modalities be explored in matters relating to dispute resolution. Alternative dispute resolution has…
