This afternoon – without press access and behind closed doors – Donald Trump will sign legislation dismantling the Consumer Financial Protection Bureau’s rule against forced arbitration – a practice used by Wall Street banks, credit card companies, and predatory lenders to deny Americans their full legal rights when they are victims of fraud on the part of those companies.
American Bridge spokesperson Andrew Bates responded to Trump’s signing of the bill with the following statement:
“Donald Trump is selling-out middle class families, working Americans, and veterans by signing this dangerous legislation – a key Wall Street lobbying priority – which lets banks and credit card companies evade legal accountability after defrauding their customers. And he’s doing it behind closed doors, hoping that no one will notice. Giving large, financial sector companies the ability to deprive American consumers of fundamental legal rights using fine print is the exact opposite of ‘draining the swamp’ – and it’s […]Read more after the jump.