CFPB Arbitration Rule: Chamber Sides with Wall Street Over Consumers & Small Businesses
By Grace Aylmer, Public Citizen The U.S. Chamber of Commerce wasted no time in opposing the Consumer Financial Protection Bureau’s final arbitration rule that was released Monday, criticizing it as a “brazen” act. Too often, consumers are blocked by “rip-off clauses”, a fine-print trick that banks and predatory lenders use to evade accountability and conceal illegal behavior […]