Government may soon begin putting an end to forced arbitration clauses

The L.A. Times reports:

If you've got a credit card, you've been forced to kiss away your constitutional right to sue the card issuer. But it's looking increasingly likely that this is about to change.

The Consumer Financial Protection Bureau is examining so-called arbitration clauses in terms and conditions for financial products. Last week, the head of the bureau, Richard Cordray, sent the strongest signal yet that the regulatory whip soon will come down on banks and other lenders denying customers their day in court if they feel mistreated.

CFPB makes its own law without Congressional oversight! After all, even Congress doesn't fund the CFPB, the unaccountable Federal Reserve does.