A group of college professors is rallying in support of consumers’ right to sue.

Some 423 law school, university and college professors are sending a letter to two senators, encouraging them to support a rule the Consumer Financial Protection Bureau has passed.

The CFPB announced a final version of the rule in July that would ban companies from putting “mandatory arbitration clauses” in their contracts, language that prohibits consumers from bringing class-action suits against them. It applies to institutions that sell financial prod…
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