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Feds May Order Financial Firms To Allow Class Action Lawsuits

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New federal rules could be in the works to make it easier once again for Americans to seek relief through class action lawsuits. That's the latest word out just this morning from the Consumer Financial Protection Bureau.

The CFPB is considering a ban on so-called forced arbitration clauses, which require customers to submit their claims to arbitration and stay out of court. Consumer rights attorneys complain that they see many people harmed by banks or other financial firms.


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