In Unusual Move, Treasury Department Opposes CFPB (Audio)

(Bloomberg) -- Mike Konczal, a fellow at the Roosevelt Institute, and Jim Copland, legal director for the Manhattan Institute, discuss why the Treasury department is attacking a rule that was proposed by the Consumer Financial Protection Bureau, which would allow credit card customers to settle disputes through the courts, rather than through arbitration. They speak with Bloomberg's June Grasso on Bloomberg Radio's Bloomberg Law. See omnystudio.com/listener for privacy information.