Democrats on both sides of Capitol Hill urged the CFPB to adopt strong rules restricting mandatory arbitration agreements in financial services and other contracts.
More than 30 senators, including Democratic Vice Presidential Nominee Sen. Tim Kaine (D-Va.) and former Democratic presidential candidate Sen. Bernie Sanders (I-Vt.), signed a letter this week to CFPB Director Richard Cordray.
On the House side, more than 60 House Democrats this week sent their own letter.
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