Gratz USA: You Can No Longer Class Action Sue Banks

[Grapemask]

Just because you sue doesn't mean you should win, it also doesn't mean that every little grievance is worthy of a lawsuit. If you hire a shitty lawyer who doesn't understand this, they deserve to lose. If your lawsuit is worthy of some actual money, generally speaking you can find a good firm that will take payment upon settlement and by and large those settlements are a lot more rewarding than the pitiful checks one might cut you under a class action lawsuit that had to partition between a million people with the lawyer taking by far the largest chunk. There are literally lawyers who do nothing but look at any little thing out there to start a class action and they do this not for the benefit of the clients, but to line their own pockets with a majority of the $$.

This is pretty much completely oblivious to how the system really works. As schwarz said/implied, unless you have decent money, you will never get to arbitration. Even if you have decent money, the bank always has more, and they can keep you from resolving your situation as long as it takes for you to drop it. Absolutely, lawyers take advantage of class action for their own benefit. But their greed benefits the consumer in this case. Yeah, one out of a hundred thousand consumers don't get to win the lottery. Instead, all one hundred thousand consumers get to punish the institution and get something for their loss.

As stated before, the entire argument hinges on "Yeah, you'll get screwed, but fuck those lawyers, am I right?" Shifting from the real enemy to a faux enemy so the carrot stays out of reach.

[Glorious Leader]

Absolutely not true. Generally what you have is some big shot lawyer sending out grievance letters to thousands if not hundreds of thousands and then collecting huge payouts, huge attorney fees and then dishing out minimal rewards to the little folks.

If a bank fucks you, you sue, you win and get paid. If you need some random class action law firm you never heard of tell you that you have been or may have been fucked.......please sign on the dotted line, odds are you probably weren't injustice to the point where you could even notice. Companies get sued all the time, by people, by the government, etc. All this does is start by cutting out the lawyers who are more akin to ambulance chasers than those actually looking to help their clients.

Utter and complete fucking HORSE SHIT

https://theintercept.com/2017/10/24/...ection-bureau/

Previously the consumer financial protection buereau had denied institutions the ability to write language into contracts that would prevent class action suits. Now thanks to the republican fucktards not only will you not be able to file class action, contracts will feature language that will force individuals into arbitration where they almost always lose.

The bank can fuck you for 3 dollars AND NO SINGLE FUCKING LAWYER WILL TAKE THAT CASE IF IT ISNT PART OF A CLASS ACTION AND THIS IS EXACTLY THE GOAL.

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This is pretty much completely oblivious to how the system really works. As schwarz said/implied, unless you have decent money, you will never get to arbitration. Even if you have decent money, the bank always has more, and they can keep you from resolving your situation as long as it takes for you to drop it. Absolutely, lawyers take advantage of class action for their own benefit. But their greed benefits the consumer in this case. Yeah, one out of a hundred thousand consumers don't get to win the lottery. Instead, all one hundred thousand consumers get to punish the institution and get something for their loss.

As stated before, the entire argument hinges on "Yeah, you'll get screwed, but fuck those lawyers, am I right?" Shifting from the real enemy to a faux enemy so the carrot stays out of reach.

The lawyers arent even the fucking enemy. The Treasury department has been trying to make this case as well but it's fucking daft.


http://www.epi.org/publication/corre...n-arbitration/

Consumers do far better under class action than under aribtration where research suggests they only win 7%~ of the fucking time.

This basically means the end of suing these fucks. The alternative isn't gonna be thousands of individual law suits, the alternative to class action is ZERO LAW SUITS. Only fucking crazy stupid assholes are gonna sue a bank for 30 dollars but chase can sure as shit rip off every one of their customers for 30 AND NO FUCKING CLASS ACTION CAN STOP THEM.

[Pterodactylus]

Bigly winning.

[Very Tired]

We should just make it legal for businesses to come into our houses and steal our stuff. Not doing so would be hurting businesses!

[PosPosPos]

If you looked closer at especially Clintons 8 years you wouldn't speak so confidently. Less so Obama but the way politicians work days are setup mean that they all fall victim to a system that quickly erodes any morals of the individual to ensure the party stay in power no matter the costs. All politicians spend half their work-time sniveling for campaign funds instead of reading and writing legislation. Campaigning has run amok and the funding going into it as well. For the greatest economy on earth it's astonishing how little of the money go back to the people and the backs it all rests upon.

The Clintons were flawed. But not Trump flawed. Again, you alt-righters and your false equivalencies/concern trolling.

Comparing Democrat Presidents to Republican Presidents is like comparing ordinary citizens and petty thieves alike to Nazis and robbers.

[Stormspellz]

And here we have another case of Republican voters voting against their own best interests.

and will blame "evil libs" when they get screwed over by this.

[ati87]

and will blame "evil libs" when they get screwed over by this.

Because it was the mexican that forced the bank to screw you and it was also the mexican preventing you from taking actions.

[melodramocracy]

And the right is still pretending to be friend to the common citizen. Hilarity.

[Tiwack]

The Clintons were flawed. But not Trump flawed. Again, you alt-righters and your false equivalencies/concern trolling.

Comparing Democrat Presidents to Republican Presidents is like comparing ordinary citizens and petty thieves alike to Nazis and robbers.

I agree but you're not changing any minds but your own with that angle on discussion. Especially when you refuse to be critical of the party you align yourself with. Repeating and compunding the mistake you blame trumpers for. I think you missed a few buzzwords in your response smh.

[Grapemask]

I agree but you're not changing any minds but your own with that angle on discussion. Especially when you refuse to be critical of the party you align yourself with. Repeating and compunding the mistake you blame trumpers for. I think you missed a few buzzwords in your response smh.

He seems to be pretty blatantly acknowledging there are flaws. Like, verbatim, he said there are flaws. You just don't want to hear what's said unless it's "our flaws are just as bad if not worse than yours," when all the data objectively says one party is the much bigger shitter.

[Draco-Onis]

I agree but you're not changing any minds but your own with that angle on discussion. Especially when you refuse to be critical of the party you align yourself with. Repeating and compunding the mistake you blame trumpers for. I think you missed a few buzzwords in your response smh.

I am sorry but you aren't helping either the current state of affairs is the results of changes done by the GOP the biggest of which is citizens united. The promise of Trump to his supporters was that he was going to be different and not beholden to special interests. Instead Trump's cabinet is filled with special interests from Goldman Sachs, fossil fuels even education in the form of Betsy Devos. If your goal is to try to be fair then you have to admit that Trump's entire message during the campaign was a scam as he has done nothing for his supporters and everything for special interests, wall street and big business.

[zenkai]

The Republican-led Senate narrowly voted Tuesday to repeal a banking rule that would let consumers band together to sue their bank or credit card company to resolve financial disputes.

All over the breaking news channels e.g.

http://www.nydailynews.com/news/poli...icle-1.3586551

Note: Title space limited, so read details in the article. Especially the words 'most' and banks = banks + credit card companies.

Class action lawsuits, you mean where the lawyers make all the money and the rest of us get $1-5? Damn! There goes my my phat lewts.

[Zan15]

Class action lawsuits, you mean where the lawyers make all the money and the rest of us get $1-5? Damn! There goes my my phat lewts.

hmm my ford class action is netting me 4600 bucks, my class action against my pension plan is netting me over 40k.
both were fought for years by individuals who never got anywhere with either company.
Lawyers also made a bunch of money in those lawsuits, but the pension lawsuit has been ongoing for over 10 years. i hear lawyers who work for 10 years, can be expensive.


Sure i have also gotten 5 bucks from ATT class action and a few bucks for a video card one as well.

so they are not all good but, some of them really are.

[Edge-]

Wow, are you guys big mad or little mad? I thought the Republicans weren't accomplishing anything?

None of the big ticket items on the Trump agenda, no. But the smaller shit like this, where they can pull Pence in to break a tie? Yeah, they're getting a lot of small shit like this done.

Note - the shit that they've largely gotten through like this has absolutely nothing to do with Trump, directly. Kinda curious, isn't it?

[Grapemask]

Wow, are you guys big mad or little mad? I thought the Republicans weren't accomplishing anything?

It takes some big balls or some small brains to not realize you are one of the guys that should be mad here. You are affected by this.

[Wvvtayy]

HAHA whatever you say. Got an answer for everything except how to win an election I guess.

Hahahaha look how mad you are

[Low Hanging Fruit]

Republicans support the middle class as long as the middle class supports the rich.

[Glorious Leader]

Class action lawsuits, you mean where the lawyers make all the money and the rest of us get $1-5? Damn! There goes my my phat lewts.

The alternative is ZERO FUCKING LAW SUITS. Think about this for a second. Wells Fargo opens 3.5 million accounts WITHOUT CLIENTS PERMISSION. People are who are poor, or rich or middle class. Most of them lack the money or the time or the commitment to sue INDIVIDUALLY BECAUSE INDIVIDUAL LAW SUITS ARE OFTEN EXPENSIVE AND FAR TOO LENGTHY. In the past they could have joined a class action but now will instead be forced into arbitration WHERE THE FINANCIAL INSTITUTION WINS 93% OF THE FUCKING TIME. Class Action law suits are far better for consumers.

You are exactly what is wrong with the country. You side with the mega wealthy institutions AGAINST YOURE OWN INTEREST FFS. Cause#MAGA and dont give me this woke independent nonsense. Nobody fucking buys it. You're just lying to your fucking self.

[Mister Cheese]

So does this mean I can't sue equifax if someone uses my information now?

[schwarzkopf]

Class action lawsuits, you mean where the lawyers make all the money and the rest of us get $1-5?

Yeah - as opposed to the companies getting away with things with no consequences and the rest of us get $0 ...