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Calif. Law Should Lead The Way For Consumer Protection

Law360, New York (November 14, 2017, 1:08 PM EST) -- Bankers and business groups are praising the recent repeal of the Consumer Financial Protection Bureau’s rule aimed at preventing financial institutions from blocking consumers from suing them in class actions. The arbitration rule reversal is seen as another significant victory for Wall Street and a giant blow to Main Street where consumers will be run roughshod by banks and other corporations, who will never be held accountable because of forced arbitration. While the scales of justice are now tipped in favor of bankers and big business,...
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