A poll conducted by Morning Consult found that after the Equifax Data Breach, 68% of Americans would join a class action against Equifax. Here is a link to the article.
The National Consumer Law Center issued a brief explanation as to why Congress should not bar CFPB forced arbitration ban. Here is a link to the brief.
Here is the quote from the end of an article about the Wells Fargo and Equifax scandals.
Here is a link to an article in the Washington Post about Senator Wyden’s new bill:
Consumers recently filed a motion for preliminary approval of a settlement with Bosch. Bosch has agreed to pay $33.4 million to settle antitrust lawsuits involving four different types of auto parts.
Many articles are now appearing pointing out that Georgia Representative Loudermilk proposed a bill to gut the regulations applicable to Equifax (which is headquartered in Georgia) just before the data breach became public. Here are links to the articles:
David Lazarus, a business reporter for the L.A. Times, wrote an article stating that consumers are just now becoming aware of the forced arbitration issue because of the Equifax attempt to force consumers whose data had been stolen to waive their right to bring cases in court by inserting a forced arbitration clause in the small print of a credit monitoring product that was offered as a remedy for the breach.
Stephen Colbert explains the Equifax bungle on The Late Show with Stephen Colbert.
Congress is considering legislation that would ban class actions under the Fair Credit Reporting Act.
The U.S. Circuit Court of Appeals for the Ninth District recently reversed a District Court decision that forced Verizon customers into an arbitration against a different company, Turn, Inc.
A recent article in the Huffington Post explains why the CFPB Rule banning forced arbitration is so important. Here is the link.
A shareholder in Zillow Group Inc. has filed a class action against the company alleging that the company should have told investors about its practices, which recently led to an investigation by the Consumer Financial Protection Bureau (“CFPB”).
An interesting article in the American Banker Magazine says that the hoopla surrounding the Equifax data breach, including Equifax’s efforts to force consumers into arbitration after the data breach, may mean doom for GOP efforts to reverse the rule adopted by the CFPB that bans forced arbitration and class action waivers.
A new report issued by Level Playing Field shows that only 5 consumers have filed arbitrations against Equifax since 2009.
An article in Forbes magazine says that Equifax’s attempt to force consumers into mandatory arbitration after their latest data breach caused such a fury that Equifax had to change its policy.
Richard Cordray has penned an Op-Ed in the New York Times entitled “Let Consumers Sue Companies.”
The Ninth Circuit found that the Plaintiff that filed a complaint against Spokeo alleging that it violated the Fair Credit Reporting Act by reporting inaccurate information about him had alleged a sufficiently concrete injury to meet the Article III standing requirement established by the U.S. Supreme Court in the same case earlier this year.
A class action has been filed against Wells Fargo alleging that its Merchant Services misleads customers and charged excessive fees for its credit- and debit-card-processing services.
The Ninth Circuit this week agreed with the trial court that a class of customers was overcharged for online orders.
According to a number of reports, Wells Fargo automatically signed up customers with auto loans for auto insurance, even if the customers were already covered by auto insurance.
