This. I’d argue “people” aren’t too litigious; corporations are. They are constantly suing each other, so much so that when an individual sues a corporation, it can take years to resolve.
Of course, if the CFPB had more funding and authority, people could go the regulatory route instead of exercising the overtaxed justice system, but the same people who want tort reform also want to kill the CFPB, only moreso. I’m beginning tonsense a pattern…corporations really don’t want to accept any accountability!