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News headlines complicate looming arbitration vote

Joe Mont | September 27, 2017

The latest complication for critics of the Consumer Financial Protection Bureau’s arbitration rule: Equifax.

A recently announced data breach that struck consumer credit firm Equifax exposed the personal data of 143 million Americans. In unrelated, ongoing news Wells Fargo was fined $100 million by federal regulators for opening illegal, unauthorized accounts. Troubles at both firms are the subject of hearings next week before the Senate Banking Committee.

These two high-profile cases are now part of efforts to kill the Consumer Financial Protection Bureau’s controversial arbitration rule.In July, the...

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