It is a good idea to enable class action lawsuits against large entities. This court ruling the rule is trying to fix is a loophole that should be closed.

However, what troubles me is that a sweeping policy change such as this, going against a Supreme Court precedent, should passed as a law by elected lawmakers, not a rule dictated by unelected bureaucrats. Even worse, this so-called "Consumer Financial Protection Bureau" is an independent agency of government with no effective oversight or subject to the usual checks and balances of a government agency. This Bureau has already been sued for abusive practices.