Tuesday, July 11, 2017

Suing Banks Will Get Easier — if CFPB Rule Survives

These days, if a bank treats you and other customers unfairly, you’re often barred from joining together and suing the bank. That could soon change. The Consumer Financial Protection Bureau announced a final rule Monday generally prohibiting financial institutions from blocking class-action lawsuits with contract language that requires consumers to settle disputes out of court in an arbitration proceeding. The contracts are agreements you...



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