• Did Freedom Win? Yes
  • Voted for Freedom 47
  • Voted Against Freedom 48
This resolution of disapproval under the Congressional Review Act (CRA) would cancel the Consumer Financial Protection Bureau’s (CFPB) arbitration rule. The final rule was published on Regulations.gov on July 19. While the CRA isn’t a panacea, it does provide a means for Congress to act as a check on out-of-control federal agencies.

The CFPB’s arbitration rule is, in reality, a giveaway to trial lawyers. The rule ostensibly bans contractual arbitration clauses related to consumer financial products offered by banks and other financial sector firms. This severely limits consumers’ ability to enter into arbitration during disputes.

Arbitration is an easier and quicker process for consumers to resolve issues, but lawyers don’t make much money from this process. The rule, however, will encourage trial lawyers to pursue more class-action lawsuits, which take longer and result in smaller payouts to consumers. But class-action lawsuits do bring in big dollars for trial lawyers.

Class-action lawsuits can take two to five years to resolve, and the average payment is $32.35 per individual. These class-action suits, for which trial lawyers are paid an average of roughly $1 million, also drive up costs to consumers. By comparison, arbitration typically takes two to five months, with an average payment of thousands of dollars. It’s clear which process truly protects consumers.

Legislator's Votes

Voted for Freedom

John Barrasso

Senator WY

John Barrasso

  • Voted for Freedom? Yes
  • Session Score 33.3%
Roy Blunt

Senator MO

Roy Blunt

  • Voted for Freedom? Yes
  • Session Score 0%
John Boozman

Senator AR

John Boozman

  • Voted for Freedom? Yes
  • Session Score 0%
Richard Burr

Member

Richard Burr

  • Voted for Freedom? Yes
  • Session Score 0%
Bill Cassidy

Senator LA

Bill Cassidy

  • Voted for Freedom? Yes
  • Session Score 33.3%
Susan Collins

Senator ME

Susan Collins

  • Voted for Freedom? Yes
  • Session Score 33.3%
Bob Corker

Senator TN

Bob Corker

  • Voted for Freedom? Yes
  • Session Score 0%
John Cornyn

Senator TX

John Cornyn

  • Voted for Freedom? Yes
  • Session Score 0%
Tom Cotton

Senator AR

Tom Cotton

  • Voted for Freedom? Yes
  • Session Score 0%
Mike Crapo

Senator ID

Mike Crapo

  • Voted for Freedom? Yes
  • Session Score 0%
Ted Cruz

Senator TX

Ted Cruz

  • Voted for Freedom? Yes
  • Session Score 33.3%
Steve Daines

Senator MT

Steve Daines

  • Voted for Freedom? Yes
  • Session Score 66.7%
Mike Enzi

Senator WY

Mike Enzi

  • Voted for Freedom? Yes
  • Session Score 0%
Joni Ernst

Senator IA

Joni Ernst

  • Voted for Freedom? Yes
  • Session Score 0%
Deb Fischer

Senator NE

Deb Fischer

  • Voted for Freedom? Yes
  • Session Score 33.3%
Jeff Flake

Senator AZ

Jeff Flake

  • Voted for Freedom? Yes
  • Session Score 0%
Cory Gardner

Senator CO

Cory Gardner

  • Voted for Freedom? Yes
  • Session Score 0%
Chuck Grassley

Senator IA

Chuck Grassley

  • Voted for Freedom? Yes
  • Session Score 33.3%
John Hoeven

Senator ND

John Hoeven

  • Voted for Freedom? Yes
  • Session Score 66.7%
Jim Inhofe

Senator OK

Jim Inhofe

  • Voted for Freedom? Yes
  • Session Score 0%
John Isakson

Senator GA

John Isakson

  • Voted for Freedom? Yes
  • Session Score 0%
Ron Johnson

Senator WI

Ron Johnson

  • Voted for Freedom? Yes
  • Session Score 33.3%
Mike Lee

Senator UT

Mike Lee

  • Voted for Freedom? Yes
  • Session Score 100%
John McCain

Senator AZ

John McCain

  • Voted for Freedom? Yes
  • Session Score 0%
Jerry Moran

Senator KS

Jerry Moran

  • Voted for Freedom? Yes
  • Session Score 66.7%
Lisa Murkowski

Senator AK

Lisa Murkowski

  • Voted for Freedom? Yes
  • Session Score 33.3%
Rand Paul

Senator KY

Rand Paul

  • Voted for Freedom? Yes
  • Session Score 100%
David Perdue

Senator GA

David Perdue

  • Voted for Freedom? Yes
  • Session Score 0%
Rob Portman

Senator OH

Rob Portman

  • Voted for Freedom? Yes
  • Session Score 0%
Jim Risch

Senator ID

Jim Risch

  • Voted for Freedom? Yes
  • Session Score 0%
Pat Roberts

Senator KS

Pat Roberts

  • Voted for Freedom? Yes
  • Session Score 0%
Mike Rounds

Senator SD

Mike Rounds

  • Voted for Freedom? Yes
  • Session Score 0%
Marco Rubio

Senator FL

Marco Rubio

  • Voted for Freedom? Yes
  • Session Score 0%
Ben Sasse

Senator NE

Ben Sasse

  • Voted for Freedom? Yes
  • Session Score 0%
Tim Scott

Senator SC

Tim Scott

  • Voted for Freedom? Yes
  • Session Score 33.3%
Dan Sullivan

Senator AK

Dan Sullivan

  • Voted for Freedom? Yes
  • Session Score 33.3%
John Thune

Senator SD

John Thune

  • Voted for Freedom? Yes
  • Session Score 0%
Thom Tillis

Senator NC

Thom Tillis

  • Voted for Freedom? Yes
  • Session Score 0%
Pat Toomey

Senator PA

Pat Toomey

  • Voted for Freedom? Yes
  • Session Score 0%
Roger Wicker

Senator MS

Roger Wicker

  • Voted for Freedom? Yes
  • Session Score 0%
Todd Young

Senator IN

Todd Young

  • Voted for Freedom? Yes
  • Session Score 33.3%

Voted Against Freedom

Tammy Baldwin

Senator WI

Tammy Baldwin

  • Voted for Freedom? No
  • Session Score 66.7%
Cory Booker

Senator NJ

Cory Booker

  • Voted for Freedom? No
  • Session Score 33.3%
Sherrod Brown

Senator OH

Sherrod Brown

  • Voted for Freedom? No
  • Session Score 33.3%
Ben Cardin

Senator MD

Ben Cardin

  • Voted for Freedom? No
  • Session Score 66.7%
Tom Carper

Senator DE

Tom Carper

  • Voted for Freedom? No
  • Session Score 33.3%
Bob Casey

Senator PA

Bob Casey

  • Voted for Freedom? No
  • Session Score 33.3%
Chris Coons

Senator DE

Chris Coons

  • Voted for Freedom? No
  • Session Score 0%
Dick Durbin

Senator IL

Dick Durbin

  • Voted for Freedom? No
  • Session Score 50%
Alan Franken

Senator MN

Alan Franken

  • Voted for Freedom? No
  • Session Score 0%
Maggie Hassan

Senator NH

Maggie Hassan

  • Voted for Freedom? No
  • Session Score 33.3%
Mazie Hirono

Senator HI

Mazie Hirono

  • Voted for Freedom? No
  • Session Score 33.3%
Tim Kaine

Senator VA

Tim Kaine

  • Voted for Freedom? No
  • Session Score 33.3%
John Kennedy

Senator LA

John Kennedy

  • Voted for Freedom? No
  • Session Score 0%
Angus King

Senator ME

Angus King

  • Voted for Freedom? No
  • Session Score 33.3%
Amy Klobuchar

Senator MN

Amy Klobuchar

  • Voted for Freedom? No
  • Session Score 33.3%
Joe Manchin

Senator WV

Joe Manchin

  • Voted for Freedom? No
  • Session Score 50%
Ed Markey

Senator MA

Ed Markey

  • Voted for Freedom? No
  • Session Score 66.7%
Bob Menendez

Senator NJ

Bob Menendez

  • Voted for Freedom? No
  • Session Score 33.3%
Jeff Merkley

Senator OR

Jeff Merkley

  • Voted for Freedom? No
  • Session Score 33.3%
Chris Murphy

Senator CT

Chris Murphy

  • Voted for Freedom? No
  • Session Score 33.3%
Patty Murray

Senator WA

Patty Murray

  • Voted for Freedom? No
  • Session Score 33.3%
Bill Nelson

Senator FL

Bill Nelson

  • Voted for Freedom? No
  • Session Score 0%
Gary Peters

Senator MI

Gary Peters

  • Voted for Freedom? No
  • Session Score 33.3%
Jack Reed

Senator RI

Jack Reed

  • Voted for Freedom? No
  • Session Score 33.3%
Brian Schatz

Senator HI

Brian Schatz

  • Voted for Freedom? No
  • Session Score 33.3%
Chuck Schumer

Senator NY

Chuck Schumer

  • Voted for Freedom? No
  • Session Score 33.3%
Jon Tester

Senator MT

Jon Tester

  • Voted for Freedom? No
  • Session Score 66.7%
Tom Udall

Senator NM

Tom Udall

  • Voted for Freedom? No
  • Session Score 0%
Mark Warner

Senator VA

Mark Warner

  • Voted for Freedom? No
  • Session Score 33.3%
Ron Wyden

Senator OR

Ron Wyden

  • Voted for Freedom? No
  • Session Score 33.3%