Caveat Vendor

CFPB Opens the Door to Class Action Lawsuits
The CFPB has issued a Final Rule regulating arbitration agreements in contracts for certain consumer financial products and services. The Final Rule applies to providers of certain consumer financial products and services in the core markets of lending money, storing money, and moving or exchanging money.
New York’s Statutory Prohibition on “Surcharging” Credit Card Transactions Held Unconstitutional
A New York state law prohibiting retailers from assessing “surcharges” on transactions in which customers pay using a credit card has recently been held unconstitutional by a court in the Southern District of New York.