The Congressional Review Act (CRA) lets Congress and the White House strike down regulatory protections using expedited procedures. So far, President Donald Trump and Republicans in Congress have used the CRA to repeal 14 health, safety, pocketbook and environmental protections as payback to their corporate donors — and we won’t be able to get these safeguards back any time soon. As a result, corporate predators, polluters and profiteers that would have been reined in by these rules are now free to abuse, exploit and discriminate against regular Americans, knowing they won’t be held accountable.

Although the CRA no longer can be used to repeal Obama-era rules, it still may be used to strike down regulations finalized during the current administration: safeguards issued by agencies that are trying to protect the public despite opposition from the White House. In July, the U.S. House of Representatives voted to repeal the U.S. Consumer Financial Protection Bureau’s arbitration rule. The CRA process gives the U.S. Senate until early November to vote on this rule.


Arbitration Rule

Arbitration Rule

The CFPB’s arbitration rule restores consumers’ ability to join together in court to hold banks and lenders accountable when they break the law. Banks and lenders bury terms in the fine print to block consumers from challenging fraud or hidden fees in court. Instead, these “rip-off clauses” force harmed consumers to challenge large corporations one by one in arbitration – a secretive system designed to favor banks and lenders.

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