CFPB Director Richard Cordray made a personal appeal toPresident Trump Oct. 30 to veto a congressional resolution nullifying the agency's arbitration rule.

“Many have told me I am wasting my time writing this letter –that your mind is made up and that your advisors already have madetheir intentions clear,” Cordray said in a letter to Trump.

The Senate approved a resolution last month that would nullifythe CFPB's rule, which would restrict the use of mandatoryarbitration agreements in financial contracts. The House hadalready passed the resolution.

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