The Senate Just Made It More Difficult To Sue Banks
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The Senate Just Made It More Difficult To Sue Banks

“You have to settle in arbitration.”

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The Senate Just Made It More Difficult To Sue Banks
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Banks.

Made famous for the community chest card received in Monopoly. Look, we all know that won’t fly in real life. THIS GAME IS A FRAUD.

Recently, banks will get more of your error in THEIR favor:

Vice President and possible cast member for the Keebler Elves Mike Pence cast the tie-breaking vote in the Senate that would make it more difficult for you, the consumer, to sue banks. You may remember Wells Fargo admitting back in September of 2016 that employees had upwards of 2 million fake bank accounts and credit card accounts set up in customer’s names dating between 2011 and 2015. That led to the ousting of their CEO, John Stumpf. It spawned numbers of federal and local investigations. And now, they’ve stuck their hands in the cookie jar AGAIN:

$140,000 in interest payments over a 25 year span?! The only time it is acceptable to force homeowners to spend THAT much money over a five year span is if they robbed a Home Depot, Lowe’s and Menards to renovate their house to a Kardashian-level upgrade! Look, with your income, there exists no possible way to upgrade your house to have an indoor pool, butler, and jacuzzi.

Now, with this new loosening of bank regulations, lawsuits like the Wells Fargo class-action suit will not be possible. If you have any disputes or think you’ve been wronged on your bank or credit card statement, you have to settle your claim in what is known as ‘arbitration.’ HardenJacksonLaw explains what arbitration is:

So, basically, arbitration works as an “informal court case” that can be had with a neutral third party. Their calendars are more open to resolve these cases which can be settled in a formal courtroom. Think of it more as: lawsuits are more like what you generally have seen on TruTV. Arbitration rulings are more like what you see on Judge Judy. Except for the fact that, in arbitration, the “judge” in this particular case is more likely to favor the banks because arbitration rulings are not entirely enforceable. So, if even if you were to win an arbitration suit against a bank or credit card company, they don’t have to do anything. And this most recent Senate ruling loosening regulations will make it close to impossible for you to settle it through Judicial Remedies. It would be like if you had won a bet against your friend, repayment of said bet can’t be necessarily enforced.

I bet you $20 that it would not rain today, Jack. And it did. Where’s my money? THIS IS ROBBERY!

The Senate ruling puts more relaxation on Wall Street. We all know what happened the last time Wall Street wasn’t heavily enforced. The late 2000’s recession and near-depression happened. Get prepared to live life like it was when Monopoly was created. In this case, the Bank Error will be in the Bank’s favor.

Moving onto…

Ways Monopoly Has Destroyed Families:

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This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
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