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The Consumer Financial Protection Bureau (“CFPB”) issued a proposed rule last week addressing the “Registry of Supervised Nonbanks that Use Form Contracts to Impose Terms and Conditions. ....
The CFPB has a long history battling against the use of arbitration clauses in consumer financial services, and issued a final rule regarding their use in 2017. ....
The Consumer Financial Protection Bureau CFPB issued a proposed rule last week addressing the Registry of Supervised Nonbanks that Use Form Contracts to Impose Terms and Conditions that Seek to Waive or Limit Consumer Legal Protections. ....
Tuesday, February 16, 2021 On February 4, 2021, House and Senate Democrats introduced the Protecting the Right to Organize (PRO) Act of 2021. The PRO Act is supported by key members of the Senate’s leadership, including Majority Leader Chuck Schumer. The PRO Act would be the most significant labor law reform in the United States since the World War II-era Taft-Hartley Act and the 1935 Wagner Act, which created the National Labor Relations Board (“NLRB”) and first granted private sector employees the right to form and join labor organizations (“unions”). The United States House of Representatives passed an earlier version of the PRO Act in February, 2020, but the Senate declined to take further action at the time. While certain major business interests, such as the U.S. Chamber of Commerce, are opposed, President Biden has voiced his support for the PRO Act. At present, it is uncertain whether the PRO Act will become law and if so, in what form. ....
Industry > Industry monitor > Social media Govt asks WhatsApp not to impose terms on Indian users 21 January 2021 Union ministry for electronics and information technology has written to WhatsApp CEO Will Cathcart, asking the messaging platform to withdraw its proposed update to its privacy policy and terms of service. The new policy, which was supposed to be enforced from 8 February, has been pushed by three months amid backlash. “The changes to the WhatsApp Privacy Policy and Terms of Service outline the vast amounts and categories of data that is collected by WhatsApp and how it will be shared with other Facebook companies. These changes enable WhatsApp, and other Facebook companies, to make invasive and precise inferences about users which may not be reasonably foreseen or expected by users in the ordinary course of accessing these services,” the letter states. ....