Senate Passes Repeal Of Planned CFPB Rule | WVIA

Senate Passes Repeal Of Planned CFPB Rule

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In a 51-50 vote Tuesday night, the Senate repealed an Obama-era rule that makes it easier for consumers to engage in class-action lawsuits against financial institutions. Opponents of the rule say that it was overreach on the part of the Consumer Financial Protection Bureau.

Here & Now‘s Meghna Chakrabarti gets an update on the repeal from NPR’sChris Arnold(@Chris_ArnoldNPR).

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

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