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