Office of the Comptroller of the Currency
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U.S. Senate, in late-night narrow vote, rolls back CFPB’s anti-arbitration rule
A resolution of disapproval, striking down the Consumer Financial Protection Bureau’s new anti-arbitration rule, passed 51-50 Tuesday, with Vice President Mike Pence casting the tie-breaking “yes” vote. Only one Republican voted against the resolution. -
'Secret analysis' pushing CFPB's lawyer-friendly rule, U.S. senators told
WASHINGTON (Legal Newsline) - A federal agency is keeping its research secret as it forces a controversial rule that will harm consumers and businesses alike, a fellow regulator is telling members of a U.S. Senate committee.