As the CEOs of Equifax and Wells Fargo prepare to testify before Congress, the Senate is planning a vote to repeal your right to take these companies to court!

 

On July 10, the Consumer Financial Protection Bureau (CFPB) issued their arbitration rule which protects consumers' right to join together in class action lawsuits when banks and lenders break the law. Congress, however, is trying to tank this new rule with the Congressional Review Act (CRA). The House has already voted to repeal this rule. Now, it's up to us to block the repeal effort in the Senate and ensure we keep our Seventh Amendment right to hold banks and lenders accountable.

We need your voice! 

The Senate may vote as early as tomorrow on legislation to roll back the CFPB's new rule and give a "get out of jail free" pass to financial institutions or credit reporting companies who haven't played by the rules. Please call your U.S. Senator today!

More about the CFPB's new rule

Arbitration clauses hide in the fine print of contracts for financial products like credit cards and banking services, allowing companies like Wells Fargo to avoid accountability for defrauding customers.

The CFPB's rule restores consumers' right to hold banks and lenders accountable for illegal behavior through class action lawsuits. The rule is not only important in protecting consumers and their ability to join together to seek justice, but it also brings transparency and accountability to big business.  Learn more about the new rule here.

Action Needed:

We urge you to stand up for consumers by calling our Georgia Senators and asking them to oppose S.J. Res. 47 and any other attempt to repeal the CFPB's arbitration rule.

Additionally, you can say:

1. Class action lawsuits help consumers hold bad actors accountable
2. Wells Fargo used forced arbitration to hide its fake account scandal
3. The rule protects service-members and veterans from predatory schemes

Georgia Senators