Chamber of Commerce concerned over proposed regulation that would prohibit class action bans in consumer agreements

Nothing says Cinco de Mayo like arbitration. I have no idea what that means, so don't ask.  Anyhow, the Consumer Financial Protection Bureau will propose a regulation today that will ban contract terms that prohibit consumers from filing class action lawsuits.  And the Chamber of Commerce is none to happy about this development.  You can read the details at politico.com, which posted an opinion piece by Lisa A.Rickard, the president of the U.S. Chamber of Commerce's Institute for Legal Reform and David Hirschmann, the president and CEO of the U.S. Chamber of Commerce's Center for Capital Markets Competitiveness.  If you don't have time to read the article, allow me to paraphrase: "Damn trial lawyers! Get off my lawn!"