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Banking institutions and payday lenders have experienced a deal that is good for a time

Banking institutions and payday lenders have experienced a deal that is good for a time

Banking institutions and payday lenders have experienced a lot going for some time: they are able to break regulations, fool their clients in unlawful means, without having to face any customer lawsuits. Armed by some pretty bad 5-4 Supreme Court choices, they are able to hide behind Forced Arbitration clauses (fine printing agreements that say customers can’t visit court even if a bank functions illegally), even if it had been clear that the arbitration clauses caused it to be impossible for the customer to safeguard their legal rights.