Wells Fargo wants claims over fake accounts settled out of court. The bank is facing dozens of lawsuits over its bogus accounts scandal, but is trying to push the cases into arbitration.
Consumer Fraud Forum Blog
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.
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.
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.
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.
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...
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.
Fitbit says its wearable heart monitors help "make every beat count." A group of dissatisfied Fitbit users say the devices are missing a beat.
A bill was introduced Thursday by Senator Patrick J. Leahy, Democrat of Vermont, and co-sponsored by Senator Al Franken, Democrat of Minnesota, that would limit the use of forced arbitration, a process used to resolve legal disputes that is often stacked against consumers.
On Wednesday, the Supreme Court ruled that companies couldn’t avoid class-action lawsuits by offering to buy off the individual plaintiffs before they can establish a class of similarly harmed people.