“In the aftermath of massive financial wrongdoings like Wells Fargo’s nearly 1.4 million fraudulent accounts scandal or Equifax’s massive data breach, financial companies will continue to be free to bury binding arbitration clauses in their terms. These ‘rip-off clauses’ are designed to prevent consumers from having their day in court or joining together to form a class action lawsuit after they are harmed.”
People’s World | October 31, 2017
WASHINGTON—The Republican-run Congress, by the narrowest of margins, has given a big multi-billion-dollar legislative gift to big banks and credit card companies, while shafting consumers at the same time. The labor movement, combat veteran who’s also a U.S. senator and veterans’ groups are urging Republican President Donald Trump to veto it.
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