The CFPB would be prohibited from issuing final regulations governing mandatory arbitration agreements until it meets unspecified conditions, according to a proposed FY2017 spending measure.
The House Financial Services Appropriations Subcommittee will mark up its bill Wednesday to fund the CFPB, the Treasury Department and the White House, among other federal offices and agencies.
The draft bill stated that final arbitration rules cannot be issued until the CFPB meets certain requirements in the Appropriations Committee report on the bill. That report is unlikely to be available until the full Appropriations Committee marks up the bill.
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