“Limiting the number of times is good, but give them their day in court,” Sen. Sherrod Brown (D, Ohio) said.
The debate around Wells Fargo’s arbitration policies [is] part of a Senate fight over a Consumer Financial Protection Bureau rule approved in July barring fine-print requirements over forced arbitration.
Democrats are fighting GOP-led efforts to use legislation to kill the rule, saying forced arbitration diminishes legal protections for everyday people and prevents them from joining together to bring class-action lawsuits.
Critics in the financial industry and Republicans in Congress say arbitration provides a faster and more cost-effective way to resolve disputes with consumers.
[It’s also cheaper and more efficient to hang a man than confine him to life imprisonment, but that recourse has little to do with justice.]