Restoration: Senators Richard Blumenthal and Elizabeth Warren, along with Representative Hank Johnson, call on Bank of America to restore consumer protections and legal rights

At a time where the political landscape is relatively questionable, one of the entities who feels the brunt of said activity is the actual consumer. Along with well documented concerns related to transportation (in the form of gas prices being about 40% higher than this time in 2025 - you may click HERE to learn more), protecting the consumer (and general public) is a clear and present issue.

Last fall (click HERE to read our article from the September 15, 2025 community engagement piece), Representative Hank Johnson (GA/4th District/D) and Senator Richard Blumenthal (CT/D) host a roundtable regarding the FAIR Act (Forced Arbitration Injustice Repeal - click HERE to watch the full roundtable). The focus is to do away with the concept of forced arbitration, which essentially puts the consumer at a clear disadvantage via the following:

• When in place, forced arbitration is a fundamental giving away of consumer and related rights.

• Decisions makes under forced arbitration are absolute and binding (i.e. no way to appeal decisions).

• It absolves corporations of accountability, given them free reign to wreak havoc on consumers.

• It weakens any level of consumer advocacy for improved practices.

• The provisions are typically hidden, making the consumer unaware of their existence.

Fast-forward to today (June 4, 2026), as there's a situation at hand notes the importance of last fall's discussion and related efforts to protect and restore consumers' legal rights and protections. Senators Blumenthal and Elizabeth Warren (MA/D), in addition to Representative Johnson, address the CEO of Bank of America, Brian Moynihan. Their communication with him calls on the bank to immediately remove its recently added forced arbitration agreement, as it nullifies consumers' legal rights along with denying them the ability to hold corporations accountable.

"During the arbitration process, corporations can write the rules and have no obligation to make proceedings public. Without access to the public court system, discovery is typically limited, making it hard for consumers to obtain the evidence needed to prove their case", note the lawmakers.

"At a time when costs are rising, Americans are struggling to get by, and the Trump administration has abandoned enforcement of even the most basic consumer protection policies; we are deeply disappointed that Bank of America is imposing yet another obstacle for consumers seeking accountability and protection", they add.

For more details on the correspondence and pending action, readers may refer to the actual documentation (click HERE to read in its entirety) along with communication with said members of Congress.

At a time when consumers and the general public are navigating through challenging times, there are efforts taking place to counter said challenges.

In this case, restoration efforts are in process.

Notes: We thank Representative Johnson's office for the media release (approximately 4pm EST on June 4, 2026). For related updates, readers are encouraged to contact said members of Congress and CEO Moynihan (links to their website are provided in the article).