Current Events > Major victory for banks today. now we can't sue them as easily if they fuck us

(+) Yeah! (+)

https://www.wsj.com/articles/congress-votes-to-overturn-cfpb-arbitration-rule-1508897968

good people on both sides.

but hey cmon. whens the last time a bank has screwed over consumer--https://www.cbsnews.com/news/wells-fargo-uncovers-1-4-million-additional-fake-accounts/

oh well.

uh.
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What surprise, even more of a surprise, CE don't care about this.
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Like , what's the rationale for voting for this repeal anyway?
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emblem boy posted...

Like , what's the rationale for voting for this repeal anyway?

Apparently businesses will suffer if they didn't.

it's ok because the GOP doesn't bend to PCness
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And people why there is violence
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Bullet_Wing posted...

Of note that McCain, Corker, Flake, Murkowski and Collins voted along party lines for this one.

They hate Trump so much, they do exactly what he wants.
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I honestly get the feeling they don't hate Trump at all, they're just saying that in public because the public hates Trump and by coming out as anti-trump while still doing what he wants they get to tow the party line and get positive press. Smart move.
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just terrible.
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emblem boy posted...

Like , what's the rationale for voting for this repeal anyway?

The ultra rich are protecting themselves so they can get richer

tremain07 posted...

I honestly get the feeling they don't hate Trump at all, they're just saying that in public because the public hates Trump and by coming out as anti-trump while still doing what he wants they get to tow the party line and get positive press. Smart move.

old establishment GOP hates Trump because he is a crass dumb ass who gives significant attention to the elements of the GOP base they wanted you to ignore basically.
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Voting for this repeal isn't really about Trump is it? Isn't it a fairly republican vote? Those guys didn't come out against the republican party, they came out against Trump.
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E32005 posted...

And people why there is violence

There's violence against everyday conservatives and Trump supporters because you hate banks? That's a new one.

So I'm not gonna lie; I didn't read the article.

But I'm also not gonna pretend I'm going to get to the end of an article about banks and laws written by somebody in NYC for a newspaper and have any idea what it said, so... summary, por favor?
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shockthemonkey posted...

emblem boy posted...

Voting for this repeal isn't really about Trump is it? Is it a fairly republican vote? Those guys didn't come out against the republican party, they came out against Trump.

Yeah this doesnt really have anything to do with Trump, other than Trump being a republican.

Regardless of if Trump was in office, would they not vote the same way for this?
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coolboy11 posted...

tremain07 posted...

I honestly get the feeling they don't hate Trump at all, they're just saying that in public because the public hates Trump and by coming out as anti-trump while still doing what he wants they get to tow the party line and get positive press. Smart move.

old establishment GOP hates Trump because he is a crass dumb ass who gives significant attention to the elements of the GOP base they wanted you to ignore basically.

And yet, even with it out in the open the GOP doesn't seem to be losing supporters, in fact, they're gaining more support from these groups thanks to Trump, they should be thanking him. Because not only are these groups loyal, they know that even if there's a public renouncement, it's not actually true.
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Restrain posted...

E32005 posted...

And people why there is violence

There's violence against everyday conservatives and Trump supporters because you hate banks? That's a new one.

Nope
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fenderbender321 posted...

Before forming an opinion, you guys should really read the entire law, submit any questions you have about it to your congressman or senator, and then read statements from politicians and people from within the industry from both those that support and oppose the new policy.

lol like you do right
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I'm talking about all the stuff you have opinions on in general
why does this merit special consideration?
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emblem boy posted...

shockthemonkey posted...

emblem boy posted...

Voting for this repeal isn't really about Trump is it? Is it a fairly republican vote? Those guys didn't come out against the republican party, they came out against Trump.

Yeah this doesnt really have anything to do with Trump, other than Trump being a republican.

Regardless of if Trump was in office, would they not vote the same way for this?

Yes they would. The cosmic irony is that people voted for Trump because they thought things like this would stop in Washington, and still do.

Balrog0 posted...

I'm talking about all the stuff you have opinions on in general
why does this merit special consideration?

Why are you responding to a blatant troll?
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gafemaqs posted...

Yes they would. The cosmic irony is that people voted for Trump because they thought things like this would stop in Washington, and still do.

yeah it's really weird to see lefties complaining about how corker and flake are terrible because they 'still vote with Trump over 90% of the time!" nah the president supports the republican establishment 90+% of the time, that is what you should be (and what GOP primary voters were) mad at
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gafemaqs posted...

emblem boy posted...

shockthemonkey posted...

emblem boy posted...

Voting for this repeal isn't really about Trump is it? Is it a fairly republican vote? Those guys didn't come out against the republican party, they came out against Trump.

Yeah this doesnt really have anything to do with Trump, other than Trump being a republican.

Regardless of if Trump was in office, would they not vote the same way for this?

Yes they would. The cosmic irony is that people voted for Trump because they thought things like this would stop in Washington, and still do.

My main point was that we should be glad people from the right are speaking about how bad Trump is, but we shouldn't expect them to stop being republicans. Especially if their voting throughout their career had been the same on various issues
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You get more money and you get your case resolved faster if you do an arbitration by yourself anyway, obviously people only read the headline and immediately went into big bad banks working with big bad repubs! mode
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AngelsNAirwav3s posted...

You get more money and you get your case resolved faster if you do an arbitration by yourself anyway, obviously people only read the headline and immediately went into big bad banks working with big bad repubs! mode

is your argument literally that people who have been harmed financially by large financial institutions should seek out their own legal counsel on an individual basis?

I'm not sure you understand this entirely, either
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Balrog0 posted...

AngelsNAirwav3s posted...

You get more money and you get your case resolved faster if you do an arbitration by yourself anyway, obviously people only read the headline and immediately went into big bad banks working with big bad repubs! mode

is your argument literally that people who have been harmed financially by large financial institutions should seek out their own legal counsel on an individual basis?

I'm not sure you understand this entirely, either

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This effectively makes banks untouchable to average citizens, even if they screw over one that can afford their own legal console no citizen has the amount of money needed to fight a Bank's army of lawyers and legal ass dragging and delaying. With this, banks can effectively starve a potential lawsuit out and go about their business without even having to settle to make the client go away. I wonder how much longer til we get a law that strips an employee's right to sue their employer for XX amount of years
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Gotta love the plutocracy.

Sign up to read article? Not today, Capitalist Pigs.
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Yay "progress"

Rexdragon125 posted...

emblem boy posted...

Like , what's the rationale for voting for this repeal anyway?

The ultra rich are protecting themselves so they can get richer

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DevsBro posted...

So I'm not gonna lie; I didn't read the article.

But I'm also not gonna pretend I'm going to get to the end of an article about banks and laws written by somebody in NYC for a newspaper and have any idea what it said, so... summary, por favor?

Summary is you get to read two sentences and have to subscribe to read beyond that.
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Smh this is bad... In The Handmaid's Tale the banks freeze every female account so they won't have access to money. I'm just sayin.
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Most companies have clauses that have already waived your rights in favor of arbitration agreements.

Arbitration costs companies at least $900 to $4000 to participate in. It costs a consumer $200 but only if the company isn't forcing arbritration. If it is, then the fee is usually about $25 because the company pays the rest.

Filling for arbitration is the fastest way to get a resolution, especially when dealing with high amounts and when all other methods have been exhausted. Like I had an issue with Verizon over $6k. Nothing worked till I took it to the AAA. Within a week, I had a $6k check mailed to me.

$10K+ range is when it'll get tough for the consumer.
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