It's official: When a bank screws you over, you're on your own

It's official: When a bank screws you over, you're on your own

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Senate Republicans do not want their constituents to be able to defend themselves against banks and credit card companies. 

The Senate split its vote down the middle on Tuesday over a new rule that would have protected consumers’ ability to sue financial institutions via class-action lawsuits. Vice President Mike Pence cast the deciding vote to revoke the rule, which had barely been on the books for a month

What this means, in short, is that anyone interested in suing their bank is now less likely to do so—and less likely to win. Read more…

More about Business, Equifax, Business, and Politics


Source: Mashable | It's official: When a bank screws you over, you're on your own

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