Document Type
Article
Publication Date
2016
Abstract
Drawing on economic, psychological and philosophical considerations, this Essay considers whether consumers should be "free" to "agree" to contractually trade their opportunity to litigate in a class action for the opportunity to bring an arbitration claim against a company. The Essay suggests that by looking at the CFPB's regulation through these three lenses, one sees that the regulation is desirable—even a poster child—for the potential value of regulation when market forces are not sufficient to protect individual or public interests.
Publication Citation
48 St. Mary's L.J. 343 (2016)
Recommended Citation
Sternlight, Jean R., "Hurrah for the Consumer Financial Protection Bureau: Consumer Arbitration as a Poster Child for Regulation" (2016). Scholarly Works. 1029.
https://scholars.law.unlv.edu/facpub/1029
Included in
Banking and Finance Law Commons, Consumer Protection Law Commons, Contracts Commons, Dispute Resolution and Arbitration Commons