United States:
CFPB Publishes Final Arbitration Rule In Federal Register
02 August 2017
Morrison & Foerster LLP
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A mere nine days after releasing its Final Rule regarding
arbitration to the public, the CFPB has published the Final Rule in the Federal Register.
This is significant because publication in the Federal
Register triggers the countdown to the Final Rule's
effective date (60 days after publication) and ultimately its
application to new agreements (180 days after the effective date).
By our calculations, the Final Rule becomes effective on September
17, 2017, and will apply to new agreements entered into on or after
March 16, 2018. Check out our
Client Alert, which explains the Final Rule in greater
detail.
Because of the generality of this update, the information
provided herein may not be applicable in all situations and should
not be acted upon without specific legal advice based on particular
situations.
© Morrison & Foerster LLP. All rights reserved
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