Senate Democrats on Forced Arbitration
2017-09-28T19:21:38-04:00https://ximage.c-spanvideo.org/eyJidWNrZXQiOiJwaWN0dXJlcy5jLXNwYW52aWRlby5vcmciLCJrZXkiOiJGaWxlc1wvMjI5XC8yMDE3MDkyODE5MjYzODAwMl9oZC5qcGciLCJlZGl0cyI6eyJyZXNpemUiOnsiZml0IjoiY292ZXIiLCJoZWlnaHQiOjUwNn19fQ==Senate Democrats, including Minority Leader Chuck Schumer (D-NY), held a press conference on their opposition to Republican efforts to repeal a Consumer Financial Protection Bureau (CFPB) rule that would require forced arbitration clauses in contracts with consumers to bar their ability to participate in class-action lawsuits. The Democratic senators said the rule was especially needed following a large data breach at consumer credit rating agency Equifax. Following the breach, the company offered credit monitoring services to affected customers, but only if they signed a release with an arbitration clause.
Senate Democrats, including Minority Leader Chuck Schumer (D-NY), held a press conference on their opposition to Republican efforts to repea… read more
Senate Democrats, including Minority Leader Chuck Schumer (D-NY), held a press conference on their opposition to Republican efforts to repeal a Consumer Financial Protection Bureau (CFPB) rule that would require forced arbitration clauses in contracts with consumers to bar their ability to participate in class-action lawsuits. The Democratic senators said the rule was especially needed following a large data breach at consumer credit rating agency Equifax. Following the breach, the company offered credit monitoring services to affected customers, but only if they signed a release with an arbitration clause. close
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