Meteor Blades had a great diary yesterday about the CFPB regulating financial agreements so that people are no longer blocked by mandatory arbitration clauses from suing when they are wronged:
the Consumer Financial Protection Bureau Thursday proposed a rule that would bar mandatory arbitration clauses in contracts with financial firms. Since it requires no congressional approval, the rule quite likely will go into effect after a 90-day public comment period in which opposition from business groups will no doubt be extensive, loud and bullshitty.
Just about everybody who commented liked the idea, and many talked about how it needed to be extended to other agreements (e.g., employment agreements).
One commenter, of course, tried to switch it over to primary battle mode, saying:
So, who is going to be first to ask Hillary if she supports this proposal? Any volunteers?
Well, here’s the answer:
xThis is a huge (but under-reported) deal. I'm thrilled @HillaryClinton is highlighting it. A big win for consumers. pic.twitter.com/KWrcamfBLE
— Dean Barker (@deanbarker) May 5, 2016A great and strong statement in support by Hillary. I’m proud to be one of her supporters!