Senate blocks class action shake down racket that benefits trial lawyers more than consumers

NY Times:

Consumer Bureau Loses Fight Over Class-Action Suits


Vice President Mike Pence cast the deciding vote as Senate Republicans struck down a rule restricting arbitration clauses that would have let Americans sue banks and credit card companies.
I have seen too many of these cases where the only winners were the trial lawyers where they made millions while consumers got coupons or something else of dubious worth.  I also arbitrated cases for several decades and saw awards from zero to the millions for the claimant.   Pence and Congress did the right thing.

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