House votes to kill new bank arbitration rule in blow to federal consumer agency
Posted: Tue Jul 25, 2017 7:07 pm
LA Times - 7/25/2017 - James Rufus Koren - A new federal regulation that would make it easier for Americans to bring class-action lawsuits against banks and other financial institutions might be scrapped before it ever takes effect. Republican lawmakers had vowed to kill the rule, released by the Consumer Financial Protection Bureau just two weeks ago, and took the first step toward doing so Tuesday with a vote in the House of Representatives. Read more @ http://www.latimes.com/business/la-fi-a ... story.html