Consumer Fraud Forum Blog

Nursing Homes File Lawsuit To Ban Patients From Taking Them To Court

Last month, the federal government finalized a new rule that allows nursing home residents and their families to sue facilities when things go wrong. But this week, nursing homes and assisted living providers are fighting back with a class action lawsuit.

Could Arbitration Clauses Keep Wells Fargo’s Customers Out of Court?

POSTED: William PinilisSeptember 20, 2016 at 11:39 AM / Consumer News, Forced Arbitration, Arbitration, Banking

Three plaintiffs have filed the first lawsuit against Wells Fargo following the news that bank employees opened at least two million unauthorized customer accounts.

Study Finds More Banks Using Mandatory Arbitration Clauses

POSTED: William PinilisAugust 24, 2016 at 11:30 AM / Forced Arbitration, Arbitration, Arbitration Clauses

A new report finds big banks are increasingly using arbitration clauses in the fine print of checking account agreements – meaning consumers who have disputes with their banks can’t settle them in court.

CFPB Celebrates Five Years of Standing Up for Consumers

The Consumer Financial Protection Bureau opened its doors five years ago today. The agency was created in the wake of the 2008 financial crisis – part of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

New Rules Overhaul Student Debt Forgiveness Process

Students defrauded or misled by their colleges will soon have a clearer path to loan forgiveness according to rules issued earlier this month by the Obama administration. The rules also create a financial backstop to ensure that schools, not taxpayers, are responsible for the debt.

New Rule Would Allow Class Action Lawsuits Against Banks

For anyone who has ever been wronged by a bank or credit card, the option to join a class-action lawsuit may become easier if a new rule proposed by the Consumer Financial Protection Bureau (CFPB) takes effect. The rule would ban mandatory arbitration clauses that prohibit customers from filing class-action...

New Law Could Void Telecom Arbitration Clauses

Last week Senators Al Franken and Richard Blumenthal introduced the Justice for Telecommunications Consumers Act of 2016 in an effort to boost accountability in the telecommunications industry.

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