Trump Officially Kills CFPB Arbitration Rule

Law360, New York (November 1, 2017, 4:35 PM EDT) -- President Donald Trump on Wednesday officially eliminated a Consumer Financial Protection Bureau arbitration rule that would have given consumers the chance to file class actions against banks and other financial firms.

The president signed a resolution passed by both houses of Congress under the Congressional Review Act that nullified the CFPB rule, which was released in July. (AP) Trump signed a resolution passed by both houses of Congress under the Congressional Review Act that nullified the CFPB rule, which was released in July and aimed to...
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