Senate GOP Gives Huge Gift To Big Banks, Stripping Consumers Of Right To Sue As Group

[workinclasszero]

Senate GOP Gives Huge Gift To Big Banks, Stripping Consumers Of Right To Sue As Group
“How horrible, how horrible that people might have the ability to come together and hire a lawyer,” Sen. Chuck Schumer says after the vote.
By Nick Visser 10/24/2017 11:58 pm ET

Senate Republicans on Tuesday voted to overturn a new regulation that would have allowed class-action lawsuits against big banks and credit card companies. The vote effectively handed Wall Street another win as the Trump administration seeks to dismantle former President Barack Obama’s legacy.

A 50-50 tie was broken by Vice President Mike Pence to overturn a measure crafted by the Consumer Financial Protection Bureau that limited forced arbitration clauses in the fine print of financial contracts.

https://www.huffingtonpost.com/entry/senate-class-action-arbitration-big-banks_us_59f00188e4b0b7e63265c47e?ncid=inblnkushpmg00000009

[Irish_Dem]

1. We are going backward in time. Perms and beehive hairdos are next. nt