The Senate Still Has Time To Stop Lawsuit Abuse
(WorldNews Politics)

The clock is ticking on the Senate. Under the 1996 Congressional Review Act, Congress has 60 `session days` to rescind a litigation-enabling federal rule adopted this summer by Obama administration holdovers in the Consumer Financial Protection Bureau (CFPB). The rule was entered into the federal register on July 19. The House acted quickly, voting to quash the rule on July 25. Time expires on the Senate shortly before Thanksgiving. The ill-advised new rule is a sop to the plaintiffs` bar. It would forbid finance companies from offering to resolve consumer complaints through arbitration rather than class-action lawsuits. Elizabeth Warren has tried to...