Consumer watchdog makes it easier to sue banks and other companies

Washington • The government’s consumer watchdog finalized a rule Monday that will make it easier for people to challenge financial companies in court. Under the long-awaited rule from the Consumer Financial Protection Bureau, companies will be banned from using agreements that block consumers from joining group lawsuits. The rule also aims to increase awareness about how consumers fare when they go to arbitration, since companies will be required to report those outcomes to the CFPB. “In practic...

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