Congressional Republicans want to repeal a new regulatory rule issued by the Consumer Financial Protection Bureau to limit the use of forced arbitration in legal contracts between companies and individuals. But in addition to facing terrible optics in the wake of the corporate scandals involving Equifax and Wells Fargo, the GOP is also facing opposition from some conservative allies.
The American Future Fund, a conservative dark money group that spent big in the 2012 election, released poll results on Sept. 7 that showed residents of Alaska, Louisiana, Maine and Ohio strongly supported the new rule.
Those states are important because they each have a Republican senator who is still undecided on whether or not to support the bill to repeal the rule. The bill, which has already passed the House, would fail if three Republicans oppose it.
The senators currently on the fence include Sens. Lisa Murkowski (R-Alaska), John Kennedy (R-La.), Susan Collins (R-Maine) and Rob Portman (R-Ohio). Sen. Lindsey Graham (R-S.C.) has already stated his opposition to the bill.