ETA Commends President Trump for Signing the Resolution Repealing the CFPB’s Arbitration Rule

Washington, D.C. – November 1, 2017 – The following statement is attributed to Jason Oxman, CEO, Electronic Transaction Association (ETA), regarding President Trumps signing of the Consumer Financial Protection Bureau’s (CFPB) rule on forced arbitration:

“We applaud President Trump for signing the resolution repealing the CFPB’s rule against arbitration. Arbitration is a simpler, flexible, and faster process than turning to the courts to settle an issue between consumers and financial companies.

The rejection of the anti-arbitration rule is an important win for consumers and the U.S. economy. Not only was this rule overly broad, its repeal demonstrates the importance of checks and balances in our system of government.

Although the regulatory pendulum never stops at the bottom, ETA will continue to argue for a more positive regulatory environment for our member companies, their customers and partners. “

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter
Recent Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *