The CFPB’s arbitration rule faces its first challenge under the Congressional Review Act with a House vote possible as early as Tuesday on a resolution to overturn the rule. The Senate could act on a similar measure at any time.

The coming week will also bring a two-day meeting of the Federal Open Market Committee, action in Senate committees on federal agency nominees and more.

Released in final form earlier this month, the CFPB’s arbitration rule prohibits the use of arbitration agreements for the purpose of limiting access to class action litigation. It is set to take effect Sept. 18; compliance is mandatory for pre-dispute arbitration agreements entered into on or after March 19, 2018.

 

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