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
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Market Watch: October 25, 2017
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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 The Senate Repealed the One Provision That Let You Hold Companies Accountable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
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Battle Over Fine Print: Why GOP Is Risking Consumer Ire to Support Banks
The Christian Science Monitor: October 25, 2017
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It’s Good to Be a Bank in the Trump Era
Slate: October 25, 2017