Senate blocks rule letting consumers bring class-action lawsuits

Sen. Patrick Leahy, D-Vt., and other Senate Democrats defend a Consumer Financial Protection Bureau rule on binding arbitration. File photo by Elizabeth Hewitt/VTDiggerWASHINGTON — In a late-night vote Tuesday, the Senate passed legislation blocking a new rule that would have allowed customers to bring class-action lawsuits against financial institutions.
The measure, already approved by the House, passed the Senate 51-50, with the tiebreaking vote cast by Vice President Mike Pence.
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