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SEC commissioner wrong to support blocking courthouse doors to harmed investors

August 16th, 2018

By: Remington Gregg

  This was first posted on Public Citizen’s CitizenVox. In an interview with Politico, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce offered her support to allow companies the ability to prevent investors from banding together in class actions against them if they are victims of securities fraud or abuse. That would mean that

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SEC Officials Speak Forcefully Against Forced Arbitration in Investment Context

March 28th, 2018

By: Remington Gregg

Recently, SEC Commissioner Robert Jackson and SEC Investor Advocate Rick Fleming spoke out against any move to limit an investors’ access to justice by forcing them into arbitration. They both argue that investors play a vital role in helping to police corporate wrongdoing. In addition, holding corporate wrongdoers accountable for their actions deters others from

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FAN Coalition Slams Senate Banking Committee for Rejecting Amendment to Reinstate Crucial Consumer Protection

December 5th, 2017

By: Amanda Werner

FOR IMMEDIATE RELEASE December 5, 2017 CONTACTS: Amanda Werner, Americans for Financial Reform & Public Citizen, awerner@ourfinancialsecurity.org, (202) 973-8004   Washington, DC (December 5, 2017) – Today, the U.S. Senate Banking Committee rejected an amendment to S. 2155, which would have restored consumers’ right to sue financial giants when they break the law. While other

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New Poll: Overwhelming Support for CFPB Arbitration Rule in Arizona and Maine

October 12th, 2017

By: Stephen Rouzer

Arizona and Maine’s Senators Could Cast Deciding Votes to Maintain Our Rights to Our Day in Court   A new Public Policy Polling survey finds broad and overwhelming support in Maine and Arizona for the Consumer Financial Protection Bureau’s (CFPB) recent rule limiting banks and large corporations like Equifax from using forced arbitration to deny

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Servicemembers, Veterans, and Forced Arbitration: How the New Consumer Protection Financial Bureau Rule Enhances the Military Lending Act

September 27th, 2017

By: Stephen Rouzer

The Consumer Financial Protection Bureau’s (CFPB) new arbitration rule will promote accountability and transparency for a wide variety of consumer financial products and services offered to servicemembers and veterans. The rule allows people to band together in court and prevents companies from using fine print to take away access to the courts through forced arbitration

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