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CU letters thanking Senators and Representatives who voted to protect CFPB rule limiting forced arbitration

SUMMARY: Consumers Union writes to thank Senators and Representatives for voting against H.J. Res. 111, which passed nonetheless—overturning a rule developed by the Consumer Financial Protection Bureau to limiting forced arbitration. By voting against H.J. Res. 111, Senators and Representatives were trying to protect consumers against being unfairly blocked from the public courthouse and being forced instead into a private arbitration system that shields banks, credit card companies, payday lenders, and other financial companies from legal accountability.

To read the full letters:

Letter to Senators

Letter to Representatives

 

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