Repeal The CFPB's Anti-Consumer Ban On Mandatory Arbitration Clauses

Last week, the Consumer Financial Protection Bureau (CFPB) issued a rule prohibiting banks, credit-card companies, and other financial institutions from including mandatory arbitration clauses in new contracts. The CFPB claims to have struck a blow for consumer rights, but the truth is, this rule will be a boon to frivolous lawsuits—and a drag on our economy.