America is now just like any Third-World Banana Republic -- complete with impunity for big companies, who can do anything they want to you
More from Public Justice's Paul Bland about the shameful Congressional vote to let criminal corporations bar ripped-off consumers from joining together to hold them accountable:
A nice story that sets forth how arbitration clauses that ban class actions mean that consumers don’t go to arbitration (click to hear)
The reporter had asked “gee, will this vote be a boon to the arbitration industry?” And I was glad to see that after seeing and hearing the data, she reported that no, what the vote will mean is that consumer cases will simply disappear. While the story is brief, it’s a very strong one that shows why the CFPB Rule was important and why the Senate vote was harmful to consumers.
https://www.marketplace.org/2017/10/25/business/how-restriction-class-action-lawsuits-affects-arbitration-industry
If you are not sure you understand just how badly Congress has sold you out and ensured that you and your family will be unable to do anything about ripoffs by big companies, here is a menu of stories.
In “Wet Kiss” for Wall Street, Congress Overturns Rules Allowing People to Sue Banks for Misconduct
Democracy Now: October 26, 2017
An Open Call for Trump to Veto Anti-Consumer Bill
Common Dreams: October 26, 2017
Frank and Raskin: Why Is Congress Hurting Consumers?
Duke Today: October 26, 2017
Count on a Political Backlash to the Banks’ Victory in the Senate
The New York Times: October 25, 2017
Republicans Just Caved to the Big Banks and Exposed Trump’s Sham Populism
The New Yorker: October 25, 2017
Congress Lets Consumers Down
Bloomberg: October 25, 2017
Why Consumers Should Care About the Dismantling of Class-Action Lawsuits
Market Watch: October 25, 2017
Republicans Scramble to Help Banks, Undercut Rule for Consumers
MSNBC: October 25, 2017
What Is the CFPB Arbitration Rule? The Senate Repealed the One Provision That Let You Hold Companies Accountable
Bustle: October 25, 2017
Populist Hero Mike Pence Casts Tie-Breaking Vote to Protect Banks from Lawsuits
Vanity Fair: October 25, 2017
Congress Just Killed a Rule That Would Have Made It Easier for Consumers to Sue Banks — Here’s Why People Are So Upset
Business Insider: October 25, 2017
Battle Over Fine Print: Why GOP Is Risking Consumer Ire to Support Banks
The Christian Science Monitor: October 25, 2017
The US Senate Is Preventing Companies Like Equifax Being Held Accountable for Major Screw-Ups
Quartz: October 25, 2017
It’s Good to Be a Bank in the Trump Era
Slate: October 25, 2017
In “Wet Kiss” for Wall Street, Congress Overturns Rules Allowing People to Sue Banks for Misconduct
Democracy Now: October 26, 2017
An Open Call for Trump to Veto Anti-Consumer Bill
Common Dreams: October 26, 2017
Frank and Raskin: Why Is Congress Hurting Consumers?
Duke Today: October 26, 2017
Count on a Political Backlash to the Banks’ Victory in the Senate
The New York Times: October 25, 2017
Republicans Just Caved to the Big Banks and Exposed Trump’s Sham Populism
The New Yorker: October 25, 2017
Congress Lets Consumers Down
Bloomberg: October 25, 2017
Why Consumers Should Care About the Dismantling of Class-Action Lawsuits
Market Watch: October 25, 2017
Republicans Scramble to Help Banks, Undercut Rule for Consumers
MSNBC: October 25, 2017
What Is the CFPB Arbitration Rule? The Senate Repealed the One Provision That Let You Hold Companies Accountable
Bustle: October 25, 2017
Populist Hero Mike Pence Casts Tie-Breaking Vote to Protect Banks from Lawsuits
Vanity Fair: October 25, 2017
Congress Just Killed a Rule That Would Have Made It Easier for Consumers to Sue Banks — Here’s Why People Are So Upset
Business Insider: October 25, 2017
Battle Over Fine Print: Why GOP Is Risking Consumer Ire to Support Banks
The Christian Science Monitor: October 25, 2017
The US Senate Is Preventing Companies Like Equifax Being Held Accountable for Major Screw-Ups
Quartz: October 25, 2017
It’s Good to Be a Bank in the Trump Era
Slate: October 25, 2017
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