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House votes to repeal CFPB arbitration rule
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Consumer Protection, Legislation
Wednesday, July 26, 2017
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The House of Representatives voted to disapprove the Consumer Financial Protection Bureau’s final rule prohibiting financial companies from issuing arbitration agreements that disallow their customers from joining class action lawsuits against them. Read on to find out what the financial industry is saying in response to the vote and what it means for the future of the rule.
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