Richard Cordray: “Disparate impact has been the law of the land for decades. It has been reaffirmed by the Supreme Court.”

[a]rbitration clauses, as they are used today both in the field of consumer finance and more generally, often have been deliberately designed to block Americans from effective means of vindicating their rights.

I think Congress legislated that limitation to protect service members against being exploited while they are trying to protect and defend our country.

Congress clearly indicated its purpose, to protect servicemembers in this area, and the rules did not get that job done.

Military families make enormous sacrifices for our Nation and deserve to be protected from those who would take advantage of them.