by the editorial staff The Consumer Financial Protection Bureau took a giant step forward this week when their long-awaited study on mandatory arbitration was released. It’s a giant step forward because, while truthful and compelling, it’s sure to rock the...
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...
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...
by Carol Thompson A California resident lost an arbitration case and was forced to pay nearly $90,000 in legal fees for the opposing party, an amount that was close to the amount he had been seeking to recover. It wasn’t until long after that it was learned that...
by Carol Thompson A consumer who believes he was wronged in an arbitration case has asked the court to quash a judgement filed against him for the legal fees he was ordered to pay. The California resident had purchased a condominium from Palms Place, LLC and after...
