White Paper

What Real Estate Settlement Service Providers Need to Know About the CFPB’s Final Arbitration Rule


CFPB makes surprise ruling.

July 2017 - Consumer Financial Protection Bureau issued long awaited Final Arbitration Rule. This rule only applies to providers of specific consumer financial products and services and it sets new conditions on class waivers. While the rule is scheduled to be in full effect early next year there is an expectation that it will face sizable obstacles. 



Jay N. Varon

Foley & Lardner LLP

Jay N. Varon is a partner and litigation lawyer in Foley & Lardner LLP's Washington D.C. office. Mr. Varon has litigated a broad cross-section of commercial cases around the country, including matters relating to the Real Estate Settlement Procedures Act (RESPA) and other federal and state consumer financial services laws, as well as cases involving antitrust, unfair competition, deceptive trade practice, trade secrets, environmental, business tort, securities fraud, and products liability issues.

Jennifer M. Keas

Foley & Lardner LLP

Jennifer M. Keas is a partner and consumer financial services lawyer with Foley & Lardner LLP where she litigates complex, high-stakes cases and other lawsuits and defends clients in investigations and proceedings initiated by the Consumer Financial Protection Bureau, as well as other matters involving regulatory agencies or state attorneys general.

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