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With Pence as Tie-Breaker, Republicans Kill Rule to Allow Americans to Sue Banks

HeadlineOct 25, 2017

Senate Republicans voted down a rule that would have made it easier for Americans to sue banks and credit card companies. Vice President Mike Pence cast the tie-breaking vote Tuesday night. It was a major victory for Wall Street. The rule, developed by the Consumer Financial Protection Bureau, would have allowed people to file class action lawsuits that could have costed the banks billions of dollars.

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