How the new banking resolution will affect you

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
Data pix.

MEMPHIS, Tenn. — Congress and President Donald Trump have handed a big win to the banking industry.

The President signed a resolution passed by Congress that kills a rule set to take effect in the spring that would have made it easier for Americans to organize class-action lawsuits against financial institutions.

Republicans argued the rule only benefited lawyers who would collect large attorney fees and not the actual consumer.

WREG's Zaneta Lowe explains what this all means for you.

Latest News

More News