Dodd-Frank

Wooden Gavel With Credit Card

CFPB Says Consumers Should Be Allowed to Sue Banks

The Consumer Financial Protection Bureau wants consumers to be able to pursue class action lawsuits against their banks and credit card companies. The organization has proposed that mandatory arbitration clauses be removed from bank and credit card agreements. The current clauses prevent consumers from filing class-action lawsuits, which means that individuals have to pursue complaints on their