LexisNexis ( November 20, 2017, 1:57 PM EST) -- On October 24, 2017, the U.S. Senate voted 51-50 to kill the CFPB rule that would outlaw bank arbitration clauses containing class-action waivers in consumer financial services contracts. The Senate was proceeding under the Congressional Review Act. As president of the Senate, Vice President Pence broke a 50-50 tie. It is clear that President Trump will sign the disapproval resolution. In the end, it was a highly partisan vote, mirroring the deep divisions in the country as a whole. The demise of the arbitration rule is a big victory for banks....