U.S. customers won’t be able to file class-action lawsuits against banking institutes anymore. The U.S. Senate voted to repeal the rule Tuesday, with Vice President Mike Pence casting the decisive vote to break a 50-50 tie, according to media reports in the U.S.

The banking lobby reached a huge victory over consumer protection groups, namely the CFPB, the Consumer Financial Protection Bureau. Customers and banks now will have to resolve their disputes through arbitration, a system the administration says works well.

The decision by the government removes a big risk factor for Wall Street and the financial sector as a whole. Banks and credit card companies had to anticipate the risk that a verdict in a case involving millions of customers would go against them. They had long been opposed to this form of legal action they claim was mainly a way for lawyers to fill their pockets.