Former Equifax CEO Richard Smith sat in front of a Senate committee on Wednesday trying to explain how his old companionship leaked the personal information of 143 million Americans, why top executives sold $1.8 million merit of shares before security rights infringement was made publicly available, and why the company had purchasers sign away their own rights to participate in class actions dress.
It probably wasn’t his best day.
To add insult to injury, even though he might not have been aware of it at the time, he was also being mercilessly trolled by someone garmented as the Monopoly mascot the entire time.
— Shin Inouye (@ shin_inouye) October 5, 2017
-- ClotureClub.com (@ ClotureClub) October 4, 2017
Amanda Werner, arbitration campaign overseer for two shopper advocacy groups( Americans for Financial Reform, and Public Citizen) chose to dress as the iconic Rich Uncle Pennybags to impart public attention to the issue of thrust arbitration or--as they call it--a" Get out of Jail Free Cards" for corporations like Equifax and Wells Fargo.
Forced( or obligatory) arbitration comes as a clause often obscured deep in the fine print of contracts you indicate with finance institutions like banks and credit card companionships that forfeit your titles to join in class action lawsuits against those institutions and instead make you to go through arbitration outside of the court system.
After the stunt get viral, Public Citizen affixed a short video of Werner illustrating thrust arbitration and how it affects consumers.
-- Public Citizen (@ Public_Citizen) October 5, 2017
Werner spoken with Daily Dot over the phone and said the photobombing incident was part of a greater action that started on Tuesday.
" We went to all the Senate offices and delivered' Get by of Jail Free' cards with Equifax and Wells Fargo's logos on them ," Werner said," to call attention to a Republican effort to repeal the CFCB arbitration rule ."
That settle , according to the CFCB's website, created in order to" deter wrongdoing by regenerating consumers’ right to join together to pursue justice and comfort through radical litigations ." And although it's only been in effect since July of this year, Wener says it's already in hurt, with Republican attempting to repeal it.
" Republicans actually pushed a voting time the abolition last week ," Werner said," They tried to marshal fairly referendums to do that and I envisage the same reasons they did that is they wanted to smuggle it through right before the Equifax and Wells Fargo hearings ."
That effort, in part due to acts by groups like Americans for Financial Reform and Public Citizen, was unsuccessful, but Wener says they are currently on "high alert" for another such try and that we might not have seen the last of Rich Uncle Pennybags.
" If I hear that Republican are going to fetching a referendum I will absolutely revive the Monopoly Man ," said Werner.
-- The Monopoly Man (@ wamandajd) October 4, 2017