November 2, 2017
Thursday’s Advocacy & Think Tank Roundup
- Eviction is a reality for many Americans. Approximately 3.7 million renters have been evicted from a rental in their lifetime. In the past two years, the nation’s eviction rate increased by half percent. Moreover, Blacks account for the highest percentage of people affected by these alarming eviction rates. Lastly, families which include at least one member with a college degree are two times less likely to experience eviction in their lifetime.
- The Consumer Financial Protection Bureau’s (CFPB) arbitration rule is officially obliterated. Yesterday, President Trump signed a resolution revoking the regulatory agency’s controversial arbitration rule. CFPB’s initial goal attempted to shield consumers from binding arbitration clauses in their contracts. Such rules would have protected consumers from the harsh rules of arbitration, such as the lack of an appeal process. According to reports, the Vice President broke the tie with his vote which allowed for the revocation to reach the President.
