New story in Business from Time: The Senate Votes to Repeal a Rule Allowing Consumer Class Action Suits Against Financial Firms

WASHINGTON (AP) — The Republican-led Senate narrowly voted Tuesday to repeal a banking rule that would let consumers band together to sue their bank or credit card company to resolve financial disputes. Vice President Mike Pence cast the final vote to break a 50-50 tie. The banking industry had been lobbying hard to roll back …

Continue reading “New story in Business from Time: The Senate Votes to Repeal a Rule Allowing Consumer Class Action Suits Against Financial Firms”