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The Hill

 •  October 25

Vice President Pence joined with Senate Republicans to nix a controversial consumer bureau rule banning companies from using forced settlements to resolve disputes with customers. Pence then took over the presiding officer's chair and cast the tie-breaking vote to make the total 51-50. Republicans are using the Congressional Review Act, which gives...

The Hill

 •  October 16

This summer, the Consumer Financial Protection Bureau issued a rule that prevents financial companies from using arbitration clauses to deny groups of consumers the ability to pursue their legal rights in court. We put this rule in place after conducting a comprehensive study that found that these clauses were effectively blocking billions of...

The Hill

 •  October 5

A Republican polling firm found wide bipartisan support for a new federal rule banning companies from forcing their customers to waive their right to sue in cases of corporate abuse. American Future Fund (AFF), a GOP polling company, said 67 percent of respondents to a recent phone survey supported the Consumer Financial Protection Bureau’s (CFPB)...

The Hill

 •  August 2

Acting Comptroller of the Currency Keith Noreika said Monday his agency wouldn’t formally seek the repeal of the Consumer Financial Protection Bureau’s (CFPB) forced arbitration rule, citing a lack of time to analyze its impact.
Noreika, temporary head of the Office of the Comptroller of the Currency (OCC), said the OCC won’t challenge the arbitration rule before the Financial Stability Oversight...