forced arbitration
October 25, 2017
The U.S. Senate voted late Tuesday to repeal a banking rule that allowed consumers the ability to file class-action lawsuits against banks and credit card companies.
Number of the Day
$7,725 - Amount the average consumer pays in fees to their bank or lender after going through forced arbitration. (Source: Economic Policy Institute)October 6, 2017
The federal consumer watchdog agency finalized long-awaited rules Thursday aimed at reining in predatory payday lenders that provide short-term, high-interest loans to the financially vulnerable.