The Trump Treasury Dept. has come out publicly against a Consumer Financial Protection Bureau (CFPB) rule that says a limited set of banks cannot use forced arbitration clauses to block class action suits against them. Because of course they did.
The GOP members of the House have already passed a CRA resolution to undo the CFPB’s rule. The GOP leadership of the Senate is moving forward with its side of the CRA to finalize the rule’s appeal. Because why should anyone ever need to sue a bank, or band together in a class action against something untoward or fraudulent a bank has done. I mean, that sort of thing never happens, right?
Treasury Dept. Says You Shouldn’t Have The Right To Sue Your Bank Or Credit Card Company
Forget the Sixth Amendment, which guarantees the “right to a speedy and public trial” in criminal matters. And who needs that ancient Seventh Amendment and its fancy “right of tri…
After all, you take a feudal oath to your financial institution, so it would be treason to litigate.
I do not like the Mirror 'verse John Oliver.
Heading toward Communism?
+Len Prince Only insofar as it resembles post-Communistic Russian oligarchy.
+Len Prince Or possibly modern Chinese party-member-run oligarchical Communism.