Statement From A.G. Schneiderman On Senate Vote To Overturn CFPB Arbitration Rule

News from Attorney General Eric T. Schneiderman 

FOR IMMEDIATE RELEASE
October 25, 2017

Attorney General’s Press Office / 212-416-8060
nyag.pressoffice@ag.ny.gov
Twitter: @AGSchneiderman

STATEMENT FROM A.G. SCHNEIDERMAN ON SENATE VOTE TO OVERTURN CFPB ARBITRATION RULE

NEW YORK – Attorney General Eric T. Schneiderman issued the following statement in response to the U.S. Senate’s vote last night to overturn a Consumer Financial Protection Bureau rule that allows consumers to bring class-action lawsuits against banks and credit card companies:

“Last night, Senate Republicans and the Trump administration once again showed their true colors, putting the interests of big corporations over working families in New York and across the country. From Wells Fargo to Equifax, the dangers of big business trying to deny consumers their day in court through forced arbitration are clear. And the fact that Donald Trump's own Vice President was the tie-breaking vote makes clear whose side the President is on.”