Press Release

McHenry Votes to Undo CFPB Arbitration Rule

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Washington, July 25, 2017 | comments
Chief Deputy Whip Patrick McHenry (NC-10) released the following statement on the passage of H.J. Res. 111, providing for Congressional disapproval of the CFPB's rule relating to "Arbitration Agreements"

“Today, for the fifteenth time this year, the House has used the Congressional Review Act to undo misguided, eleventh-hour rulemaking by Obama-era bureaucrats. This time it was the Constitutionally suspect CFPB’s anti-arbitration rule, a deeply flawed regulation that is little more than a handout to trial lawyers and special interests. By undoing this rule, the House has acted to actually advance the CFPB’s stated goal: protecting American consumers.” 
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