House Repeals Consumer Protection Arbitration Rule

Jubilee USA

For Immediate Release

Organization Profile: 
Contact: 

Phone: 202.783.3566
Email: coord(at)jubileeusa.org

House Repeals Consumer Protection Arbitration Rule

WASHINGTON - The House voted to repeal the Consumer Financial Protection Bureau's rule that ‎made it easier for consumers to take joint legal action against banks and lenders.

Eric LeCompte, Executive Director of the religious development group Jubilee USA, releases the following statement:

"We need regulations that make our financial system more transparent and accountable, not less.

"It's unfortunate the House of Representatives moved to repeal consumer bank and credit card protections.‎"

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Jubilee USA Network is an alliance of more than 75 US organizations and 650 faith communities working with 50 Jubilee global partners. Jubilee USA builds an economy that serves, protects and promotes the participation of the most vulnerable. Jubilee USA wins critical global financial reforms and won more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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