Photo of Mark Rackers

Mark Rackers is a partner in the Business Trial Practice Group in the firm's San Diego office and a member of the firm's Mortgage Banking and Food and Beverage Teams. He is the Co-Leader of the Multifamily Housing Team.

As expected, and with few changes, the Consumer Financial Protection Bureau adopted its proposed rule barring financial companies regulated by the agency from including class action waivers in arbitration agreements. Arbitration clauses in new contracts offering a consumer financial product or service will need to include specified language indicating that arbitration cannot be used to stop the consumer from pursuing a class action.
Continue Reading The Consumer Financial Protection Bureau Adopts New Rule Barring Class Action Waivers in Arbitration Agreements