A day after the U.S. Senate narrowly voted to void the Consumer Financial Protection Bureau’s rule restricting mandatory arbitration clauses, a top lawyer in Washington who’d challenged the regulation demurred from taking much of a victory lap. But he broadly defended arbitration as a “very low cost, very quick” way to resolve disputes.

Mayer Brown partner Andrew Pincus, who filed a lawsuit in Texas federal court last month contesting the regulation on behalf of the U.S. Chamber of Commerce and a coalition of financial industry trade groups, did not address in remarks on Wednesday the future of that case or specifically mention the Senate vote.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]