Chamber of Commerce Threatens to Use CRA Vote on CFPB Arbitration in Grading Legislators

by Jeff Sovern

The Chamber's letter to House members is here. Here is the relevant text (bolding in original): 

The U.S. Chamber of Commerce ("Chamber") urges you to support H.J. Res. 111, which would undo a rule left over by the Obama Administration and recently finalized by an out of control Consumer Financial Protection Bureau (CFPB). The Chamber will consider including votes on, or in relation to, this bill in our annual How They Voted scorecard.

The only footnote to the letter cites Jason Johnston & Todd Zywicki, The Consumer Financial Protection Bureau’s Arbitration Study: A Summary and Critique 8, Mercatus Working Paper, Mercatus Center at George Mason University, Arlington, VA (Aug. 2015). Johnston & Zywicki are described in the letter as "distinguished academics." I guess one way to get praise is to support business. My views on their paper can be found here.

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