ABA Annual Meeting: Dispute Resolution Section Programs and Events

The international commercial arbitration caseloads continue to grow. It is estimated that over 4,000 cases are filed each year throughout the world and that number is still growing as more and more transactions have cross border implications. Whether you are an advocate or a neutral, at some point you may find yourself dealing with the singular world of international arbitration. Join us to learn about how you might seek to expand your commercial practice to include international arbitration.

Recently, the Consumer Financial Protection Bureau (CFPB) proposed rules that will: 1) bar class action waivers in the mandatory pre-dispute consumer arbitration clauses contained in contracts for the provision of financial services and products and 2) require regulated entities to report arbitration claim filings, pre-dispute arbitration agreements, awards, and communications regarding compliance with fairness principles and payment requirements. The CFPB also proposes to make such information public after appropriate aggregation or redaction. This session will provide an overview of the CFPB’s proposed rules, examine the approach taken by the Section of Dispute Resolution to examine mandatory pre-dispute consumer arbitration generally and the CFPB’s proposed rules in particular, and discuss the rationale for the Section of Dispute Resolution’s responses to the CFPB proposals.