The Senate looks unlikely to vote this month on a resolution to block implementation of the Consumer Financial Protection Bureau’s recently finalized rule on mandatory arbitration clauses in financial consumer contracts, MorningConsult.com reported. Majority Leader Mitch McConnell (R-Ky.) yesterday did not mention the measure in a floor speech outlining the chamber’s agenda for the next two weeks leading up to August recess. A Senate GOP aide said that supporters of the resolution do not have the votes needed to proceed on the floor, given the absence of Sen. John McCain (R-Ariz.), who has returned to Arizona to receive medical treatment for brain cancer.
