The following article by Lorraine Woellert was posted on the Politico website October 31, 2017:
President Donald Trump will sign legislation overturning the Consumer Financial Protection Bureau’s mandatory arbitration rule Wednesday afternoon, according to a White House official.
The president’s decision comes despite a personal appeal from CFPB Director Richard Cordray and veterans groups, who opposed a congressional vote to overturn the consumer watchdog’s rule using the Congressional Review Act.
The rule bans forced-arbitration clauses in contracts, making it easier for bank and credit card customers to sue to settle disputes. Continue reading “Trump to sign legislation overturning arbitration rule”