Hillary Clinton is expected to go after “bad corporate actors,” including Wells Fargo and Mylan Pharmaceuticals, at a campaign stop in Akron, Ohio on Monday. The Democratic presidential candidate will reportedly unveil a plan to make it easier for consumers to bring legal action against companies that do wrong.
Wells Fargo is in hot water after it was revealed the bank illegally opened millions of bank accounts and credit cards in customers’ name. While the bank was hit with $185 million fine by the Consumer Financial Protection Bureau, the customers directly affected by the identity theft have received little recompense: judges have rejected their lawsuits because the contracts they signed when they opened their real accounts require them to settle disputes through individual, closed-door arbitration rather than in court or in a class action suit. Clinton’s plan will focus on curbing these clauses, reports Bloomberg.
The Democratic presidential nominee wants Congress to give federal agencies, including the Federal Trade Commission and the Federal Communications Commission, the ability to restrict the use of arbitration clauses. Class action lawsuits are typically more affordable than individual lawsuits, consumer advocates told Reuters.
Clinton is also expected to call out Mylan for increasing the price of the EpiPen by 500% over a decade, inciting rage in consumers who say they can no longer afford the live-saving product.