1. U.S. Agency Moves to Allow Class-Action Lawsuits Against Financial Firms

    U.S. Agency Moves to Allow Class-Action Lawsuits Against Financial Firms

    The nation’s consumer watchdog is adopting a rule on Monday that would pry open the courtroom doors for millions of Americans, restoring their right to bring class-action lawsuits against financial firms...

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    1. These clauses allow companies to avoid accountability by blocking group lawsuits and forcing people to go it alone or give up.
    2. If this rule goes into effect, what we are going to see is a huge avalanche of litigation and a loss to consumers of the benefits of arbitration.
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