New arbitration rules could be forthcoming

New arbitration rules could be forthcoming

Subscribe in iTunes by Carol Thompson Proponents say arbitration is a cheaper alternative to court. Opponents say arbitration takes away their rights. The Consumer Financial Protection Bureau leans with the opponents. Yesterday, the agency director Richard...
Palms Place condo prices tank

Palms Place condo prices tank

by Carol Thompson Palms Place condominiums in Las Vegas are selling at cut-rate prices. The upscale condos are advertised as selling for a minimum list price of $155,000. The condos were constructed with a mix of 600-square-foot studio units and 1,200-square-foot...
CFPB to tackle mandatory arbitration clauses

CFPB to tackle mandatory arbitration clauses

According to The Washington Post, the Consumer Financial Protection Bureau is expected to issue a comprehensive report next week — issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act — that consumer advocates predict will lay the...
State Farm Lloyd’s to refund $352 million to Texas homeowners

State Farm Lloyd’s to refund $352 million to Texas homeowners

by Carol Thompson A 12-year legal battle has come to an end in the state of Texas. State Farm Lloyd’s has agreed to refund $352 million in premiums to an estimated 1.2 million homeowners to settle the more than decade-long dispute between the insurance company,...
Does homeowners insurance cover frozen water pipes?

Does homeowners insurance cover frozen water pipes?

by Carol Thompson With record-breaking cold weather blanketing the northeast, south and Midwest for most of the month of February, frozen water pipes has been a problem for homeowners, especially those who live in areas not accustomed to subzero temperatures. Pipes...
Pet abuse on the rise nationwide

Pet abuse on the rise nationwide

by Carol Thompson Animal abuse and neglect cases have been dominating the news in recent months. According to the Humane Society of the United States, the animal suffering from the most cruelty is pit bull-type dogs. Animal abuse has been defined as “non-accidental,...
Arbitration awards can be appealed

Arbitration awards can be appealed

by Carol Thompson It is not possible to appeal an arbitration award to a court on the usual appellate grounds under federal or state law. Under the Federal Arbitration Act, which governs most arbitrations, a party may petition a court to modify or vacate an...
Only six percent of consumers win credit card arbitration

Only six percent of consumers win credit card arbitration

by Carol Thompson According to a study conducted by Public Citizen, consumers only win six percent of the credit card disputes that are taken to arbitration. In the more than 19,000 cases studied by the consumer advocacy organization, 94 percent of the decisions...
Before you sign: Read the fine print

Before you sign: Read the fine print

by Carol Thompson Hidden in the fine print of many consumer contracts – from credit cards and cell phone contracts to nursing home care and employment contracts – are dangerous forced arbitration clauses.  Consumers and employees are often unaware...