Wednesday, October 25, 2017

After Day of Feuding, Jeff Flake and Bob Corker Join Trump to Upend a Major Consumer Protection

https://theintercept.com/2017/10/24/after-day-of-feuding-jeff-flake-and-bob-corker-join-trump-to-upend-a-major-consumer-protection/
"With a razor-thin margin, the Senate passed a resolution to nullify a signature regulation from the Consumer Financial Protection Bureau, which banned forced arbitration provisions. Such clauses, tucked into the fine print of contracts that nobody reads, deny consumers the ability to contest claims through a class-action lawsuit, and can allow banks and other financial institutions to rip off their customers with virtual impunity."