Senate Leadership Pushing to Give Equifax and Wells Fargo Immunity
News Report Indicates Senate Might Vote Imminently to Take Away Consumers’ Right to Sue Financial Companies for Wrongdoing WASHINGTON, D.C. – As reported by Politico, the “Senate GOP leadership is considering holding a vote later this week on legislation that would block a CFPB [Consumer Financial Protection Bureau] rule prohibiting banks and credit card companies from forcing their customers into arbitration during disputes, sources familiar with the matter said." Center for Responsible Lending (CRL) Senior Policy Counsel Melissa Stegman issued the following statement: Equifax, Wells Fargo