house Bill H. Joint Res. 111
Repealing the Consumer Financial Protection Bureau's Ban on Arbitration
Argument in favor
The Consumer Financial Protection Bureau benefits class action trial attorneys at the expense of consumers, who get better results through arbitration. The rule increases costs on financial firms who then pass costs on to consumers, and should be repealed.
07/24/2017
If Obama supported this change before leaving his office, then I'm a Yea. His slimy enhancement to our laws has a sinister darkness. Erase all of this presidents taint on American history. Oh, it's hard being polite on the subject of Obama.
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07/26/2017
A no vote here helps greedy lawyer who leverage frivolous lawsuits to line their pockets and in-turn donate to democrats. Now you know why all the worst politicians were lawyers. Like Obama and Clinton surprise
Argument opposed
This is a cynical effort to undermine consumer rights that were enhanced by the Consumer Financial Protection Bureau’s arbitration agreement rule. Consumers should have access to class action lawsuits and the court system to resolve disputes with banks.
07/24/2017
The American public is sick almost to death of congressmen supporting bills that take away public safety nets, rights and power. Vote NO to taking away CFPB's rip off clause or just leave congress and get on your rich donors tit full time
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07/24/2017
Think this is a protection that should not be changed. What corporations are behind this bill? Always follow the money or lobbies who are pushing for this.
07/24/2017
The most rapacious financial institutions regularly cheat their clients. We need protection from their worst offenses. This wise rule provided some limited protection by ensuring consumers access to the legal system to stand up to multi-billion-dollar corporate shysters.
If Obama supported this change before leaving his office, then I'm a Yea. His slimy enhancement to our laws has a sinister darkness. Erase all of this presidents taint on American history. Oh, it's hard being polite on the subject of Obama.
The American public is sick almost to death of congressmen supporting bills that take away public safety nets, rights and power. Vote NO to taking away CFPB's rip off clause or just leave congress and get on your rich donors tit full time
Think this is a protection that should not be changed. What corporations are behind this bill? Always follow the money or lobbies who are pushing for this.
The most rapacious financial institutions regularly cheat their clients. We need protection from their worst offenses. This wise rule provided some limited protection by ensuring consumers access to the legal system to stand up to multi-billion-dollar corporate shysters.
The arbitration act is not a regulation it is a protection for consumers. Republicans believe that we won't notice that this is gone and that their friends and big business can continue to screw the little guy as often as much as they would like. Congress should not pass a law like this especially if the Republicans in Congress are actually sincere about giving the middle class a break. This one does not do that. It puts the power back in the hands of the corporations where it doesn't belong. This bill should die in Congress.
It appears the oligarchs and the corporations will not rest until we, the people, are removed from the face of the earth. All protections, all civil liberties, all rights are being removed inexorably and at the speed of light. No, no, no!
Laws like this were put in place to protect the American people from another recession, and to hold big banks and businesses accountable for their actions. Please do not undo a law established to protect all of us from unscrupulous practices.
Yet another GOP attempt to screw the middle class by giving large corporations the ability to screw us without recourse.
What a stupid idea! This is just another Republican trying to help the big businesses that doesn't need help!!
Well Tom Cole, once again you have voted to shred consumer protections and put your constituents at risk while protecting predatory financial corporations. Way to support the Republican oligarchy dream of enslaving the masses through debt. I will remember this and every other crappy vote you have cast contrary to the best interests of Oklahomans and the nation the next time I see your name on a ballot. From votes to kick needy people off healthcare to votes raping the environment to votes disrespectful of women you have proven over and over where your loyalties lie. I will remember how little care and respect you have for Oklahomans and I will do my damnedest to make sure everyone else remembers as well.
Arbitration Agreements are a constitutional violation of due process that screws the lower and middle classes. People should be able to file a lawsuit how they wish.
They should repeal the entire Consumer Protection Bureau tomorrow!
I like to read opposing opinions to understand arguments that differ from my own. The sad fact is that as I continue to read the comments of those who support repealing these consumer protections I only see vitriol for the original bill because it occurred under the Obama Administration. Had the bill originally passed under the Trump Administration - though unlikely - there would be support for the bill as is from these naysayers and the bill would remain. I am continually disgusted with so many of our politicians for serving themselves and the big corporations that line their pockets before their constituents. I am more disgusted with the constituents who continue to let it happen because they follow party allegiance rather than holding their representatives accountable for serving the people. WHY should we bar consumers from accessing the court system when a corporation does wrong? Repealing this bill is an invitation for corporations in the wrong to take advantage of their Goliath status and tread all over consumers. Consumers will be forced out of their just dues and the corporations who violate consumer rights will be allowed to retain more of their money.
Forcing consumers to sign agreements to use arbitration as an alternative to legal action is unfair and should remain in effect as part of the Consumer Protection legislation.
This will likely pass, with our current ineffective congress, that works for The People; Corporations as People. How about the citizens vote to remove protections for Congress. Put it in the ballots, and watch how quickly Congress will lose all of their entitlements and protections. Congress is what is wrong with America.
A no vote here helps greedy lawyer who leverage frivolous lawsuits to line their pockets and in-turn donate to democrats. Now you know why all the worst politicians were lawyers. Like Obama and Clinton surprise
This bill is for the corporations, not hard working Americans. "Forcing" Americans to agree to an arbitration process in order to have a bank account does not protect our rights. The CFPB's rule does not stop people from choosing to agree to an arbitration process if they want to, it only stops financial institutions from "FORCING" Americans to agree to one. The only reason this arbitration agreement would go away is because once given a choice no one in their right mind would agree to it. That's why corporations had to "Force" people to sign it. How you vote will show who you are really looking out for, hard working voters or crony corporate donors.
Considering the behavior of the big banks YES this needs to be repealed. Just think of the damage that Wells Fargo has done and they aren’t the only one. The behavior of the banks need to be publicized. Obviously no one in Washington is concerned enough to protect the average citizen.