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

NYT

Under the Congressional Review Act — a 1996 law that had been rarely used before the current Congress employed it to reverse 14 rules from the Obama administration — lawmakers have 60 legislative days to overturn the rule blocking mandatory arbitrations. The rule could take effect next year.Continue reading the main storyThe Chamber of Commerce and other pro-business groups have belittled the rule as nothing more than a gift to class-action lawyers, who tend to be Democratic donors.But as much as Republicans deplore the consumer protection agency, they may find it difficult to kill a rule that could have wide populist appeal

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

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