The New York Times three-part series highlighting forced arbitration has prompted Senate Judiciary Committee Ranking Member Patrick Leahy (D-Vt.) and Senator Al Franken (D-Minn.) to call on the leading providers of arbitration services to address concerns about the...
The Consumer Financial Protection Bureau (CFPB) is considering proposing new rules that would prohibit consumer financial institutions from banning class action lawsuits in their arbitration clauses. Subscribe in iTunes “Consumers should not be asked to sign away...
by Carol Thompson Subscribe in iTunes For many credit card holders, new wording has been incorporated into arbitration clauses that provide an opt-out provision without penalty. In the past, those who opted out of arbitration clauses often found they were denied...
by Carol Thompson The American Arbitration Association has revised the rules governing the construction industry, effective July 1, expanding the powers of the arbitrator and may alter traditional assumptions underlying the selection of arbitration as a dispute...
by Carol Thompson Three recent cases show that federal policy favoring arbitration is not absolute, according to Lexology. The controversy over arbitration has been brewing since early spring when the Consumer Financial Protection Bureau (CFPB) issued a lengthy report...
