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Forum ยป Republicans change rule to make it harder for consumers to sue banks
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Thread: Republicans change rule to make it harder for consumers to sue banks

post 1523935601 10-26-2017, 11:02 AM
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Republicans change rule to make it harder for consumers to sue banks

Can anyone explain how this is good for the people? Republicans gonna Republican, always looking out for the big guy.

https://www.usatoday.com/story/money...nks/797728001/
Vice President Mike Pence broke a 50-50 Senate tie Tuesday night, narrowly approving the repeal of the rule that blocked financial companies from requiring consumers to resolve disputes via individual arbitration proceedings.

The Senate vote followed earlier House approval and now goes to President Trump for expected signing.The action hands Wall Street and the financial industry a victory while dealing a defeat to the Consumer Financial Protection Bureau,the federal watchdog that approved the rule in July....
post 1523935961 10-26-2017, 11:05 AM
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Pretty sure it allowed individuals to use class action suits to sue banks, dropping the individual requirement. May be wrong.
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post 1523935981 10-26-2017, 11:05 AM
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Interesting, but wrong forum boyo
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post 1523936121 10-26-2017, 11:06 AM
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Inb4 mental gymnastics.
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