A get out of fail card for big banks. Bend over folks, here is comes.
I guess we should not be surprised to learn the banks own the Congress.
Wall Street wins big on arbitration, and consumers are mad
https://www.cbsnews.com/news/wall-st...umers-are-mad/
Wall Street scored a major victory when Vice President Pence cast a tie-breaking vote in the Senate on Tuesday night to block new rules that would have allowed Americans to sue their banks. So-called mandatory arbitration clauses force consumers to resolve issues in arbitration and block class action lawsuits. While the banking industry says the practice saves time and money, consumer advocates argue it robs Americans of their day in court.