Consumer rights advocacy group Public Citizen's Amanda Werner, dressed as Rich Uncle Pennybags from the Monopoly game, sat behind former Equifax CEO Richard Smith this morning during his testimony to the Senate Banking Committee. From Public Citizen's statement:
Make no mistake: Arbitration is a rigged game, one that the bank nearly always wins. Shockingly, the average consumer forced to arbitrate with Wells Fargo was ordered to pay the bank nearly $11,000. Bank lobbyists and their allies in Congress are trying to overturn the CFPB’s rule so they can continue to rip off consumers with impunity.
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