Congressional Review Act (CRA) News

Republican-Led House Votes to Block Rule Allowing Consumer Class Actions

The U.S. House of Representatives on Tuesday voted overwhelmingly to erase a new rule that lets bank and credit-card customers band together in lawsuits, as the agency that drafted the measure, the Consumer Financial Protection Bureau, moves closer to the …

Ban on Consumer Mandatory Arbitration Clauses Faces Challenges

A U.S. rule years in the making that was intended to restore consumers’ ability to band together to sue financial companies could unravel in just a few months as the heads of two federal agencies clash over it and critics …

Banks Blast Rule Exposing Them to Consumer Class Actions

U.S. banks and credit card companies could be prevented from blocking customers from banding together to sue them under a rule released by the country’s consumer finance agency on Monday. In releasing the rule, which goes into full effect in …

Federal Contractor Disclosure Rule Next on Trump Chopping Block

Republicans in the U.S. Senate passed a measure to eliminate an Obama administration rule that would require prospective federal contractors to report violations of more than a dozen U.S. labor and employment laws. On a 49-48 vote, the Senate endorsed …