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Wednesday, October 25, 2017

Mike Pence cast the deciding vote as Senate Republicans struck down a rule that would have let Americans sue banks and credit card companies

The overturning of the rule, with Vice President Mike Pence breaking a 50-to-50 tie, would further loosen regulation of Wall Street as the Trump administration and Republicans move to roll back Obama-era policies enacted in the wake of the 2008 economic crisis. By defeating the rule, Republicans are dismantling a major effort of the Consumer Financial Protection Bureau, the watchdog created by Congress in the aftermath of the mortgage mess.
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3 comments:

  1. AnonymousOctober 25, 2017 at 10:46 AM

    Isnt the right to due process protected by the 5th & 14th amendments? Can a contract which was not read stripe me of my "RIGHTS"? Again rights as laid out by the constitution are inalienable meaning "can not be given or taken away"!

    A class action lawsuit is no different. People need to band together to fight giant corporations otherwise a single person has zero chance. They simply don't have the resources.

    If people have an issue with it they should not stand for it.

    Was the VP wrong in voting against it? I don't know. I didn't read the bill. I would bet however that the bill is unnecessary because the issue is not that Congress should make a new law to protect us. WE ARE ALREADY PROTECTED!!!!! The courts need to stop being liberal a-holes and playing legislator from the bench. Back the constitution like they are supposed, there by backing the American people against a tyrannical system.

    ReplyDelete
  2. AnonymousOctober 25, 2017 at 11:07 AM

    I'm not sure I agree with this vote?

    ReplyDelete
  3. AnonymousOctober 25, 2017 at 7:23 PM

    Obviously Deep State got their way and we the people lost BIG TIME.

    This allows continuation of binding arbitration where the company gets to choose for you your defender. The reality is this is totally rigged against the consumers. The consumer never ever wins.

    That is why companies are so arrogant and offer no customer service. The law is totally against we the people. Totally for the ripping off of us by the Big Companies.

    America is simple. All law is written to support the biggest corporations.

    ReplyDelete

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