The Roberts Court’s dislike of class actions and its loyalty—sometimes divided—to arbitration have levied knock-out blows to consumers and small businesses. But a counterpunch may be on the way.
The Consumer Financial Protection Bureau on Oct. 6 announced it is considering a proposed rule that would ban companies from including arbitration clauses blocking class actions in their consumer contracts. This would apply to most consumer financial products and services in markets that the consumer bureau oversees.
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