I’d be remiss if I didn’t at least mention that most class actions are complete bullshit and the only people really gaining from them are the lawyers involved (on both sides).
Think about the GTX 970 class action. $30 is nice to have, but it’s complete bullshit to have it 2 years later. I made nearly 400x that just riding the DOW with my menial contributions in that time.
Not saying they shouldn’t be legal, just saying most of them are just a scam for lawyers to get rich.
You’re really better off pursuing litigation on your own if you ever want to see anything meaningful from it.
EDIT: I can’t find any reliable sources saying that anyone is trying to get rid of CFPB or Class Action suits. All I can see is smoke signals and conjecture. If you’ve got some sources, I’d love to read them.