Alternative Dispute Resolution
Nov. 8, 2017
Crosshairs
See more on CrosshairsAs the Trump Administration tries to shore up consumer arbitration clauses, California officials rush to tear them down
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BY JOHN ROEMER
Special to the Daily Journal
An Obama-era watchdog appeared poised this year to unleash a new rule against mandatory arbitration clauses in consumer financial contracts -- only to be sent back to by Congress. But did the U.S. Senate's 51-50 vote against the rule last month, following a 231-190 rejection by the House of Representatives in July, demonstrate that class actions against banks are forever doomed?
Or was t...
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