In the final hours of Tuesday night, the Senate voted to nullify a rule that would’ve allowed customers of banks, credit-card companies, and other financial institutions to join together in class-action lawsuits if they felt they’d been wronged.
Right when Wells Fargo and Equifax are both facing potential major lawsuits by the people, this law will stops those suits dead in their tracks. Good for the people? No. Good for banks? Heck yeah!
Source: Congress’s Late-Night Vote to Protect Banks From Lawsuits – The Atlantic