The Senate recently voted to strike a federal rule that could have allowed consumers affected by the Equifax breach to sue the credit firm.

The rule, which was submitted by the Bureau of Consumer Financial Protection in July, disallows financial companies from using arbitration agreements to bar their users from filing and joining class action suits against them. However, H.J. Res. 111, which sole purpose was to disapprove the rule, was introduced right after. It passed the House 25th of July and the Senate late Wednesday, with the VP casting the tie-breaking vote.

Although it is unclear how it will affect the Equifax situation, many regard it as a serious blow to consumer protections.


Source: TechCrunch

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