Action Alert! Tell Congress to Get Rid of the #RipOffClause

Here is a call to action, related to our work on Pay Day Lending issues:

Wells Fargo committed fraud by creating millions of fake accounts and then told its customers: “Too bad, you can’t have your day in court.” In response, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule prohibiting forced arbitration clauses in consumer financial contracts. The proposed rule would restore the rights of consumer to have their day in court when financial institutions like Wells Fargo violate the law.

Even before the proposed rule is made final, several members of Congress have pledged to try to block it. We need to raise our voices in support of accountability for wrongdoers.
Here are a few things you can do right now:

1. Call your senators and representative (the Capitol Switchboard is (202) 224–3121) and urge them to support the Consumer Financial Protection Bureau’s forced arbitration rule, Consumers deserve the right to take financial institutions to court when they break the law. Forced arbitration robs consumers of justice and gives financial institutions a license to steal.

2. Write a letter to the editor of your local paper. Avoid a partisan tone or attacks, but urge your Senators and congressional representative to support restoring your day in court and accountability for widespread misconduct. Let us know if you would like a sample. If your letter is published, please let us know.

3. Spread the word through Twitter and Facebook, using #ripoffclause.

Thanks for defending access to justice!

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Last edited by Tyler Schuster.   Page last modified on September 09, 2017

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