W. Reid Corbin

W. Reid Corbin

Katten Muchin Rosenman LLP

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CFPB Proposes a New Rule Prohibiting Certain Contractual Terms for Consumer Financial Products

On January 13, the Consumer Finance Protection Bureau (CFPB) published a new proposed rule attempting to ban certain contractual provisions in "take it or leave it" consumer contracts that purport to "waive substantive...more

1/31/2025  /  Consumer Financial Products , Consumer Financial Protection Bureau (CFPB) , Consumer Protection Laws , Contract Terms , Fair Credit Reporting Act (FCRA) , Federal Trade Commission (FTC) , Proposed Rules , Rulemaking Process , State Attorneys General , Unfair or Deceptive Trade Practices
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