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Personal Injury Lawyer
anoka office 763-244-3140
phoenix office 602-467-3959
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November 2017 Archives

Banks & Credit Card Companies Win Again

The big banks and the credit card companies recently scored a big win over consumers with the assistance of all of Minnesota's Republican congressional delegation. Every Republican House of Representatives member voted in favor of eliminating a consumer's rights to join class actions when they've been ripped off by their banks or credit card companies. You need to understand that no one can be forced to participate in a class action, it is totally voluntary. But our Republican representatives decided we weren't qualified to make that choice. This works to the benefit of the banks and credit card companies because they know that almost no one is going to go to arbitration over being ripped off to the tune of $30 or $40. Who has the time to do that? On the other hand, for the bank this can be immensely profitable when you multiply that $30 or $40 by millions of customers.