CFPB Rule Eases Path for Customers to Sue Banks

The video discusses the Consumer Financial Protection Bureau (CFPB) and its leader, Richard Cordray, who is determined to enforce regulations despite opposition from the Trump administration. The focus is on a rule allowing class-action lawsuits against banks, contrasting with the trend towards arbitration. The historical context of arbitration is explored, noting its pro-bank bias. The political implications of the CFPB's actions are examined, highlighting its creation under Dodd-Frank and the current administration's efforts to reduce its influence.

What impact did the New York Times stories in 2015 have on the regulation?

What challenges does the CFPB face from the current administration?