This year, those of us in the Coalition for Sensible Safeguards are thankful for our robust system of public protections. Don’t know what we mean? Watch the video to the right of this message to see how regulatory protections keep our families, kids and communities healthy and safe.
We’ll be back with more regulatory news after the break. In the meantime, have a safe and happy turkey day!
Late Tuesday night, in an achingly close vote, the U.S. Senate 51-50 to pass the Congressional Review Act resolution of disapproval striking down the U.S. Consumer Financial Protection Bureau’s arbitration rule. Vice President Mike Pence cast the tie-breaking vote. The resolution now heads to the White House, where President Donald Trump is expected to sign it.
Thank you to all our our allies, supporters and members who fought so hard to defeat this resolution and protect consumer access to the courts.
The latest regulatory news clips, which normally appear in this space, will resume soon.
Update for October 25, 2017
Consumer Rights Are in Danger
Tonight, the U.S. Senate is expected to hold a vote on whether to repeal the CFPB’s arbitration rule. The rule is a vital consumer protection that would restore our ability to join together in court to hold big banks and predatory lenders accountable when they break the law.
The Senate is using a fast-tracked process known as the Congressional Review Act to repeal the rule, which means the rule’s opponents only need 50 votes.
Please call your two senators NOW and urge them to vote NO on S.J. Res. 47.