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The GOP Believes Businesses -- But Not Consumers -- Are Entitled to Their Day in Court

Tuesday, November 14, 2017
Melissa Stegman | The Center for Responsible Lending
Melissa Stegman

While taxes and Russia were dominating the headlines, President Trump quietly signed a bill into law that severely weakens America’s consumers—all 325 million of us. This law lets financial companies block consumers from going to court when those companies illegally take money away from them. Instead, consumers are forced into arbitration, a process rigged against them with little chance for compensation. Big banks, credit card companies, and payday lenders received a “get-out-of-jail-free” card.