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Rep. Meeks Hails CFPB Ruling As Win for Consumers

May 6, 2016
Press Release

Rep. Meeks Hails CFPB Ruling As Win for Consumers

Washington, D.C. Senior Member of the Financial Services Committee, U.S. Congressman Gregory W. Meeks issued the following statement regarding the CFPB ruling yesterday:

"For the past several years, I have called upon the CFPB to defend the rights of consumers against forced arbitration clauses often buried in legal contracts to purposely deny average Americans the very sacred right to seek justice in a court of law.

"Consumers' right to join together in class action lawsuits against corporations has not only shown to be effective in combating corporate greed and abusive practices, but also serves as a powerful tool and deterrent in preventing future acts of predatory behavior.

"I commend the CFPB for issuing this final rule, and for completing a thorough study of the facts as part of its rulemaking process." 

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