SJ Res 47 - Letter to Senator Manchin

A group of WVBA bank members have asked Senator Joe Manchin to vote in favor of SJ Res 47 voiding the CFPB’s recent arbitration rule which severely limits the use of arbitration agreements between a bank and its customers. Left unchecked, the CFPB’s rule would restrict the banking industry’s ability to pursue effective and efficient resolutions to disputes with their customers through arbitration, driving such conflicts into protracted civil litigation and class action lawsuits in the hands of trial lawyers.

Using its authority under the Congressional Review Act, the U.S. House of Representatives has already voted to void the rule.

In addition to our grassroots email campaign nineteen of our member banks have now signed onto a joint letter to Senator Manchin asking for his support of this critical action in the Senate.

WVBA would like to thank the following bank advocates for their efforts on this important campaign:

Grassroots email campaign participants:

  • Nathaniel Bonnell
  • Alan Brill
  • Michael Lieving
  • Lee Milam
  • Chad Mildren
  • Randy Snider
  • Tom Whaling

Joint letter participants:

  • Richard Adams
  • Mark Bias
  • Bobby Blakely
  • Nathaniel Bonnell
  • Alan Brill
  • Todd Clossin
  • Bill Cole
  • Travis Delaplain
  • George Ford
  • Skip Hageboeck
  • Michael Lieving
  • Steve Lilly
  • Charlie Maddy
  • Lee Milam
  • Chad Mildren
  • John Reed
  • Geoff Sheils
  • Randy Snider
  • Tom Whaling

We will continue to follow this effort as it comes to a vote in the Senate.  For more information about this particular campaign or if you would like to be more involved in advocacy on behalf of the banking industry, contact Loren C. Allen at 304-343-8838 or lall@wvbankers.org.

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