The CFPB’s proposed arbitration rule is the subject of an article written by Ballard Spahr partners Alan Kaplinsky and Mark Levin for the Washington Legal Foundation.

Entitled “CFPB’s Proposed Arbitration Rule Benefits Class-Action Lawyers at the Expense of Consumers,” the article focuses on the proposal’s financial impacts.  The article explains why the proposal would inflict extreme financial harm on financial services providers, federal and state court systems, and consumers and is therefore not in the public interest, for the protection of consumers, or consistent with the CFPB’s study of consumer arbitration.