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California bill would allow consumers to sue banks for fraud

California took another step on Tuesday toward allowing state residents to sue financial institutions for fraud, rather than letting banks force customers to settle disputes in arbitration, as a bill inspired by last year’s Wells Fargo scandal passed a key Assembly committee. The bill has already passed the state Senate. The full Assembly, the legislature’s […]

via California moves forward on letting customers sue banks, inspired by Wells Fargo — Justice League

This bill would be a great help to consumers in California who are forced to accept arbitration clauses as a condition of purchasing goods or services.

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