Angry consumers may soon have a new way to find justice when they think companies have done them wrong.
The Consumer Financial Protection Bureau announced a final version of a rule Monday that would ban companies from using language in their contracts called “mandatory arbitration clauses” that prohibit consumers from bringing class-action suits against them. The rule would apply to institutions that sell financial products including bank accounts and credit cards.
Currently, the clauses typically say that companies or customers <a hr…
MarketWatch.com – All MarketWatch News – Personal Finance