class action curbs News

U.S. Consumer Rules Would End Mandatory Arbitration Clauses That Limit Class Actions

A U.S. consumer watchdog on Thursday proposed new rules to block credit card companies, banks and other companies from forcing customers to waive their rights to join class action lawsuits and only settle disputes through arbitration. The Consumer Financial Protection …

Consumer Agency Seeks to Limit Financial Firms’ Arbitration Clauses

Banks and credit card companies may not force customers to sign away their legal rights to take part in class action lawsuits, under an early-stage U.S. government proposal that is likely to draw ire from Wall Street. The Consumer Financial …

Supreme Court Term Could Be Big for Business

Big business is urging the U.S. Supreme Court to curb class action litigation in a series of cases that dominate the nine justices’ business docket in the coming months. The court returns for its new term on Monday with three …