{"id":24476,"date":"2017-07-24T17:57:16","date_gmt":"2017-07-24T21:57:16","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=24476"},"modified":"2017-07-25T10:04:11","modified_gmt":"2017-07-25T14:04:11","slug":"cfif-joins-coalition-urging-congressional-reversal-of-cfpbs-anti-arbitration-rule","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/24476\/cfif-joins-coalition-urging-congressional-reversal-of-cfpbs-anti-arbitration-rule\/","title":{"rendered":"CFIF Joins Coalition Urging Congressional Reversal of CFPB&#8217;s Anti-Arbitration Rule"},"content":{"rendered":"<p>The Center for Individual Freedom (CFIF) today joined a coalition made up of more than two dozen free-market organizations on a letter urging Congress to use the Congressional Review Act to reverse a new rule by the Consumer Financial Protection Bureau (CFPB) that prevents financial services companies from using arbitration to resolve customer disputes.<\/p>\n<p><div>&#8220;The CFPB&#8217;s arbitration rule has been described as &#8216;Christmas in July&#8217; for America\u2019s trial lawyers \u2013 and rightly so,&#8221; the coalition stresses in the letter.\u00a0 &#8220;According to the CFPB\u2019s own finding, the rule will cost consumers billions of dollars and unleash over 6,000 class action lawsuits every five years. This rule is an obstacle to the efforts to right America\u2019s fiscal ship and create jobs and prosperity for the American people.&#8221;<\/div>\n<\/p>\n<p>The letter, which was organized by the Center for Freedom and Prosperity, can be read in its entirety <a href=\"http:\/\/www.freedomandprosperity.org\/files\/2017-07-24_CFPB_binding_arb_coalition_ltr.pdf\" target=\"_blank\">here (PDF).<\/a><\/p>\n<p><div>Read the Center for Freedom and Prosperity\u2019s official press release <a href=\"http:\/\/freedomandprosperity.org\/2017\/news\/press-releases\/cfp-led-coalition-calls-for-reversal-of-cfpbs-anti-arbitration-rule\/\" target=\"_blank\">here<\/a>.<\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Center for Individual Freedom (CFIF) today joined a coalition made up of more than two dozen free-market organizations on a letter urging Congress to use the Congressional Review Act to reverse a new rule by the Consumer Financial Protection Bureau (CFPB) that prevents financial services companies from using arbitration to resolve customer disputes. &#8220;The [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1519,3681,1930,1521],"class_list":["post-24476","post","type-post","status-publish","format-standard","hentry","category-posts","tag-arbitration","tag-consumer-financial-protection-bureau","tag-legal-reform","tag-trial-lawyers"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/24476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=24476"}],"version-history":[{"count":10,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/24476\/revisions"}],"predecessor-version":[{"id":24486,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/24476\/revisions\/24486"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=24476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=24476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=24476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}