The Treasury Department on Monday issued a report critical of a pending federal rule that would limit the use of forced arbitration by financial firms, calling it flawed and a giveaway to class-action attorneys.

The report is the latest salvo in an ongoing fight over the regulation, opposed by the finance industry and many Republicans in Congress. The House of Representatives has already voted to scrap the rule, and the Senate has about a month to do the same before a key deadline.

The Consumer Financial Protection Bureau’s rule, finalized in July, allows banks to demand that customers submit to arbitration in individual disputes. But the rule prohibits private-arbitration agreements from including a ban on participation in class-action cases.

The Treasury report said that the bureau did not reasonably find that the ban would be in the public interest or benefit consumers. It also said the rule often runs counter to the findings of an arbitration study the bureau compiled in 2015.

Scott Pearson, a partner at law firm Ballard Spahr who represents financial services firms, said the report could be aimed at pushing the Senate to scrap the rule — or serve as a justification for terminating CFPB Director Richard Cordray, an Obama appointee.

Pearson said the report essentially argues that the CFPB ignored its responsibilities and mandate when it issued the rule.

“The study the CFPB did does not support the rule the CFPB issued,” he said. “They were going to interpret their study in a way that allowed them to do what they were going to do anyway. That’s not what they were supposed to do.”

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