Treasury Dept. Report Slams CFPB’s Rule to Expand Class-Action Lawsuits Against Banks

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The Trump administration is taking aim Monday at a new rule issued by the Consumer Financial Protection Bureau that would expand class-action lawsuits against banks, saying it will impose legal defense costs of more than $500 million per year on employers and provide little or no relief for consumers. A Treasury Department analysis of the CFPB’s…



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