Seventy percent of consumers from both political parties oppose forced arbitration in loan contracts, the Americans for Financial Reform and the Center for Responsible Lending reported in a poll Wednesday.
The right of consumers to go to court against banks and other lenders in class action suits, however, was supported by a greater majority of Democrats (78 percent) than Republicans (63 percent).
The survey was done of 1,000 likely 2016 voters between June 16 and 22.
The five-year-old Dodd Frank Act gave the Consumer Financial Protection Bureau the right to restrict the clauses in loan agreements if it found consumers were being harmed. The CFPB is in the process of writing rules that could lead to such restrictions.
However, House Republicans are trying to strip that power away from the CFPB.