Morning Scan: CFPB Arbitration Plan May Face Legal Challenge; Bitcoi...

Receiving Wide Coverage ...

Reaction: The reaction to the Consumer Financial Protection Bureau's proposal to prevent banks from using mandatory arbitration to block class-action lawsuits was swift and, for the most part, predictable. Not surprisingly, the financial industry (and Rep. Jeb Hensarling, R-Texas) blasted it.

"Consumers will get less and pay more," the American Bankers Association's president, Rob Nichols, said. ...