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News
October 25, 2017

Special Remarks: Thomas J. Donohue

The Wall Street Journal Editorial Board called repeal of the Consumer Financial Protection Bureau’s (CFPB) anti-arbitration rule “a victory for the economy and Mitch McConnell’s leadership.”

The editorial board said CFPB Director Richard Cordray “gambled that Republicans were too timid and divided to rescind his expansive rule.” The rule, which “would have set off a trial-lawyer race to the courthouse,” was repealed Tuesday afternoon after Vice President Mike Pence broke a 50-50 tie.

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