Displaying items by tag: US Congress
Tuesday, 12 September 2017 13:02
Time for Louisiana's Senator Kennedy, Congress to back CFPB rule repeal
Another battle is brewing on Capitol Hill, but this time it is not about taxes or healthcare, but the critical issue of consumer protection. In July, the Consumer Financial Protection Bureau (CFPB) enacted a new rule eliminating mandatory arbitration clauses in certain financial contracts. Henceforth, companies can offer arbitration in contracts, but must notify consumers that class action lawsuits are allowed.
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