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Brown to offer bill keeping Wells from enforcing arb clauses
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Banking
Tuesday, October 4, 2016
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Sen. Sherrod Brown (D-Ohio) said he will introduce legislation designed to prevent Wells Fargo from enforcing arbitration clauses for customers who want to sue the bank over unauthorized accounts.
The legislation would provide existing Wells customers to sue the bank even if they previously signed contacts with arbitration clauses in past legitimate accounts.
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