Just working for middle class, but I can't recall this being a campaign promise,

A

archives

Verified User
"Senate voted, 51-50, to overturn a banking rule that would have allowed consumers to band together in class action lawsuits against banks and other financial institutions"

"Association applauded the vote, and Republicans defended enforced arbitration as having worked "wonderfully" for consumers"

" The CFPB was charged with studying the effects of such clauses, and its findings, detailed in a 728-page report issued in 2015, were that once consumers were blocked from suing, most declined arbitration; those consumers who did pursue arbitration usually lost, and the 78 successful arbitration claims over the two years"

http://theweek.com/speedreads/73306...l-nullifying-pending-consumer-right-sue-banks

"Making America great" daily, the Gordon Gekkos' America
 
no surprise, considering that the establishment believes the banking industry is part of the government. I'm actually surprised that immunity wasn't delivered to them......but that will probably take another 20 years
 
lets just remember the shit these evil fuckers did begining just a decade ago?


they reposessed homes they had no legal right to reposess
 
Anyone in the banking industry here want to break this down leaving the politics out of it? This is basically about how one can get redress right? It is either through class action or arbitration?
 
archives said:
"Senate voted, 51-50, to overturn a banking rule that would have allowed consumers to band together in class action lawsuits against banks and other financial institutions"

"Association applauded the vote, and Republicans defended enforced arbitration as having worked "wonderfully" for consumers"

" The CFPB was charged with studying the effects of such clauses, and its findings, detailed in a 728-page report issued in 2015, were that once consumers were blocked from suing, most declined arbitration; those consumers who did pursue arbitration usually lost, and the 78 successful arbitration claims over the two years"

http://theweek.com/speedreads/73306...l-nullifying-pending-consumer-right-sue-banks

"Making America great" daily, the Gordon Gekkos' America
Click to expand...

Feds: Bank of America Illegally Foreclosed on Active Service Members’ Homes
November 11, 2011
By JACK CLOHERTY






follow the facts folks



republicans are not for the little guy
 
and 1 million was all that was awarded? oh yeah, a JUDGE awarded them something that helped the couple, but didn't really punish a multi billion dollar company at all.
 
cawacko said:
Anyone in the banking industry here want to break this down leaving the politics out of it? This is basically about how one can get redress right? It is either through class action or arbitration?
Click to expand...

Not after last night, it is strictly arbitration, the individual vs the bank, I think you can imagine how most of those turn out
 
You must log in or register to reply here.
Back
Top