GOP TAKES AIM AT CON­SUMER REG­U­LA­TION

The Denver Post - - BUSINESS -

WASHINGTON» Repub­li­can law­mak­ers have over­turned more than a dozen reg­u­la­tions is­sued un­der Pres­i­dent Barack Obama. Now, they’re look­ing to do the same to a rule is­sued by the Con­sumer Fi­nan­cial Pro­tec­tion Bureau Mon­day that would let con­sumers band to­gether to sue their banks or credit card com­pa­nies rather than use a me­di­a­tor to re­solve a dis­pute.

The ef­fort would be a first for this Repub­li­can­led Con­gress — over­turn­ing a rule is­sued dur­ing the pres­i­dency of Don­ald Trump.

Two GOP senators, Tom Cot­ton of Arkansas and Mike Crapo of Idaho, said Tues­day they in­tend to seek the repeal of the rule.

Prime Day deal bat­tle.

Ama­zon’s com­peti­tors are of­fer­ing their own deals dur­ing the on­line gi­ant’s Prime Day pro­mo­tion. As they’ve done be­fore, many re­tail­ers in­clud­ing Macy’s, J.C. Pen­ney and Kohl’s are of­fer­ing in­cen­tives like free ship­ping and dis­counts.

Tesla adding ser­vice cen­ters. DETROIT»

Elec­tric car maker Tesla is adding 100 news ser­vice cen­ters world­wide and hir­ing more than 1,000 tech­ni­cians to meet ex­pected de­mand for its new Model 3 sedan. The Model 3, cheaper than Tesla’s ex­ist­ing cars, goes on sale this month and is ex­pected to at­tract hun­dreds of thou­sands of new cus­tomers to the brand.

Primewell re­call­ing tires.

DETROIT» A com­pany that dis­trib­utes Primewell brand tires is re­call­ing more than 394,000 Valera Tour­ing II tires in the U.S. be­cause the side­walls can crack and lose air, in­creas­ing the risk of a crash. They were sold at Fire­stone stores.

Share­hold­ers OK Ca­bela’s sale.

SID­NEY, NEB.»

Ca­bela’s share­hold­ers are giv­ing a nod to the sale of the out­door out­fit­ter to rival Bass Pro Shops for roughly $4 bil­lion. The Ne­braska chain said Tues­day that share­hold­ers ap­proved a deal, an­nounced in Oc­to­ber, which will pay them $61.50 per share.

Trump sued for block­ing crit­ics on Twit­ter.

First Amend­ment ad­vo­cates are su­ing Pres­i­dent Don­ald Trump, say­ing it is un­con­sti­tu­tional to block his crit­ics from fol­low­ing him on Twit­ter. The law­suit says Twit­ter has be­come an im­por­tant pub­lic fo­rum for the pres­i­dent, and he fre­quently makes pub­lic an­nounce­ments on his @re­aldon­aldtrump ac­count. — The As­so­ci­ated Press

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