Schumer, Gillibrand against; Faso for bill that limits class-action suits
Oct 25, 2017 2:33 pm
Zachary Warmbrodt reports for Politico that the Senate voted late Oct. 24 to end a rule that allowed Americans to file class-action suits against banks instead of being forced in many cases into private arbitration. New York Senators Chuck Schumer and Kirsten Gillibrand voted against the measure, which tied 50-50, with Vice President Mike Pence casting the deciding voted. On July 25, Rep. John Faso (R-Kinderhook) voted in favor of the measure. The bill weakens the Consumer Financial Protection Bureau. President Trump is expected to sign the bill. Read the full story in Politico.