Section 1028 of Dodd-Frank requires the CFPB to conduct a study of the use of pre-dispute arbitration provisions in consumer financial services contracts. It requires it to provide a report to Congress and to then decide whether to issue a regulation which will prohibit their use if the study concludes that it is not in the consumer’s interest. I heard that the CFPB is currently involved in designing the scope and methodology of the study and that it will soon be publishing a notice in the Federal Register seeking input from the public. Stay tuned!