CFPB Arbitration Rule Gives Senate a Choice: Companies or Consumers?
Equifax recently announced that it would not strip data breach victims of their legal rights when they signed up for its free credit monitoring offer, reversing its earlier stance.
In response to significant public pressure, Equifax’s decision is a small step toward rebuilding trust for the 143 million Americans whose personal data were exposed in the breach. But behind the public outcry, congressional Republicans and the White House are still quietly seeking to protect businesses that use these fine-print forced arbitration clauses to deny consumers their day in court.
The above excerpt was originally published in Morning Consult. Click here to view the full article.
The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.
Director, Consumer Finance