How Wells Fargo Illustrates the Failure of the CFPB Class Action Waiver Rule

Courtesy of Barret Jackson Nye and Lee Reiners The scandal at Wells Fargo has placed big banks’ use of forced arbitration clauses under the microscope. When then Wells Fargo CEO John Stumpf testified in front of the Senate Banking Committee shortly after the scandal broke, he was asked by Senator Sherrod Brown (D-Ohio) whether his […]