Wall Street and Big Banks Win and Consumers Be Damned [network version]

Wall Street and Big Banks Win and Consumers Be Damned [network version]

From: Bostonred
0 0 2 years ago
The arbitration rule, in many ways, encapsulated the consumer bureau’s work: It was independent and designed to fill a regulatory gap. The rule was the first major check on arbitration since a pair of Supreme Court decisions, in 2011 and 2013, enshrined its widespread use.As arbitration clauses appeared in tens of millions of contracts, the consumer agency was specifically mandated to study arbitration under the Dodd-Frank financial law in 2010. That effort culminated in a 728-page report, ... See More

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