Mentioned Companies:

CFPB Bans Mandatory Arbitration Clauses

A final ruling issued by the Consumer Financial Protection Bureau (CFPB) on July 10 bans financial services companies, including credit, debit, and prepaid card issuers, from using mandatory arbitration clauses to deny cardholders participation in class-action lawsuits. Mandatory arbitration clauses require that disputes between an issuer and a cardholder be resolved either in front of a privately appointed arbitrator or, in some cases, a small claims court. While the CFPB ruling does not prohibit issuers from including arbitration clauses in future cardholder agreements, it does require langu...

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July 2017
Headlines in this Issue
Charts in this Issue

Europe Market Shares of Purchase Volume 2016

Investments & Acquisitions-June 2017

Market Shares of Purchase Transactions by Brand

Europe General Purpose Cards 2016 vs. 2015

Year-Over-Year Growth/Decline in Purchase Volume on Cards Issued in Europe 2000-2016

Prepaid Cards in the U.S. 2016

Largest U.S. Issuers of Consumer Visa and Mastercard Cards 2016

Credit Card Issuers in the Middle East and Africa 2016

Debit Card Issuers in the Middle East and Africa 2016

Top General Purpose/Visa/Mastercard Card Issuers in the Middle East and Africa 2016

U.S. Visa & Mastercard Commercial Cards-Purchase Volume 2016