After Day of Feuding, Jeff Flake and Bob Corker Join Trump to Upend a Major Consumer Protection
https://theintercept.com/2017/10/24/after-day-of-feuding-jeff-flake-and-bob-corker-join-trump-to-upend-a-major-consumer-protection/
With national attention focused Tuesday morning on a mushrooming feud between President Donald Trump and Sen. Bob Corker, R-Tenn., followed by a feud in the afternoon between Trump and Sen. Jeff Flake, R-Ariz., the Senate gift-wrapped the biggest present Congress has so far bestowed upon Wall Street in the Trump era.
With a razor-thin margin, the Senate passed a resolution to nullify a signature regulation from the Consumer Financial Protection Bureau, which banned forced arbitration provisions. Such clauses, tucked into the fine print of contracts that nobody reads, deny consumers the ability to contest claims through a class-action lawsuit and can allow banks and other financial institutions to rip off their customers with virtual impunity...
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