ABA to CFPB: Shine Bright Light on Your Arbitration Proposal

ABA writes to CFPB Director Cordray, calling on his agency to open its arbitration study up to public comment before it begins its rule-making process. The public meetings the bureau is conducting do not provide adequate opportunity for anyone to adequately address the 729-page study. "Public comment now would at least start the process of compensating for the extreme lack of transparency." [5/22/15]