Stop Rollback of the Arbitration Rule – Give Consumers Their Day in Court
Dear Coalition Supporters, Last week, the Consumer Financial Protection Bureau (CFPB) released its final rule to rein in arbitration abuses and improve access to the judicial system for all consumers. This week, US House and Senate members have introduced Congressional Review Act (CRA) Resolutions to overturn this CFPB rule. We expect the US House to vote on its CRA resolution as early as Tuesday. On the Senate side, our NC Senator Thom Tillis is one of the leaders in the attempt to overturn this rule: “Setting aside the looming questions surrounding the constitutionality, this CFPB rule is a...