A while ago the Consumer Financial Protection Bureau (CFPB) passed a rule that would have banned the “mandatory arbitration clause” that prevents people from joining together in a class-action lawsuit. Wall Street didn't like this rule and worked hard to kill it. This spring they succeeded with Congress and this week President Trump joined them when he signed the resolution Congress had passed to kill the rule.
While we cannot band together in a lawsuit against Wall Street, they still have a right to join with other companies to sue us for damages.
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