What Republicans do for the working class: YOU

Discussion in 'Politics' started by Magoo, Oct 26, 2017.

  1. Magoo

    Magoo You don't have to be Einstein to figure it out

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    http://www.cnn.com/2017/10/24/politics/senate-cfpb-arbitration-repeal/index.html

    Senate kills rule that made it easier to sue banks

    Vice President Mike Pence cast the tie-breaking vote Tuesday night to repeal a rule that made it easier for Americans to sue their banks and credit card companies.

    Senators passed the measure by a vote of 51-50, handing Wall Street its first major win since President Donald Trump took office in January.
    Two Republican senators, Lindsey Graham of South Carolina and John Kennedy of Louisiana, sided with Democrats in opposition to the resolution.
    Wiping out the rule would affect tens of millions of Americans who often don't know they are covered by an arbitration clause when they sign up for a credit card, checking account or prepaid card.


    Many companies tuck arbitration clauses into contracts as a way to resolve disputes outside the court system, making it harder for an individual to bring a case against a bank or credit card company.

    "Tonight's vote is a giant setback for every consumer in this country," Richard Cordray, the head of the Consumer Financial Protection Bureau said in a statement. "Wall Street won and ordinary people lost."
    Republicans have balked at plans by the consumer agency to bar companies from using arbitration clauses to stop consumers from bringing class-action suits

     
  2. Bubba74

    Bubba74 Well-Known Member

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    Stop class action lawsuits
    a boom to the trial lawyers who get half running around suing everyone and their brothers

    I love when Lizzy Warren "attacks" Wall Street what a hypocrite
     
    jimmy g likes this.
  3. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Arbitration clauses mean that if you feel you need help instead of having a lawyer to help you you go to arbitration.
    Arbitration is a hearing where people selected by the company pretend to listen to your concerns then do what?
    Yes decide in favor of the corporation whom they work for.

    This is how they run the country by paying politicians to make laws against our interests.
     
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  4. Bubba74

    Bubba74 Well-Known Member

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    like Dodd Frank
     
    jimmy g likes this.
  5. Rastus

    Rastus ..MAGA.. AD-FREE USER

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    If Pocahontas is against it I'm for. Done deal.
     
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  6. Northern Flash

    Northern Flash Grocery Shopping. The Meat Department. AD-FREE USER

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    What Republicans Democrats do for the working class: freeloaders: YOU

    They take our hard earned money and give it to those who won't work.
    :6781:
     
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  7. AzPilot

    AzPilot Well-Known Member

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    Or Financial Institutions could quit screwing people over for the all mighty buck.
     
    Magoo likes this.
  8. a9faninnc

    a9faninnc Super Moderator Staff Member

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    Repubs don't do much for working class,which is why they don't like Trump..MAGA
     

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