Today, American financial consumers are at high risk of losing their legal right to bring class-action lawsuits against financial institutions. Last week, Congress passed a bill that excuses abusive business practices of banks, credit card companies, and lenders, avoiding accountability and allowing the same financial institutions to continue the predatory practice of blocking groups of customers from suing them in court. To restore the right of consumers to challenge the deceitful behavior of powerful corporations, members of Congress must oppose the Appropriations Financial Services Bill of 2017 fiscal year.
The Kasell Law Firm joins with the National Association of Consumer Advocates in urging members of Congress to vote in favor of the amendment, sponsored by House Representative Keith Ellison and Hank Johnson, to allow funding to the Consumer Financial Protection Bureau’s authority to issue rules that regulate and prevent financial institutions from using mandatory forced arbitration clauses in their consumer contracts.
The Kasell Law Firm is a proud member of the National Association of Consumer Advocates.