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...
by Carol Thompson Yesterday U.S. Senator Al Franken (D-Minn) and Rep. Hank Johnson (D-Ga) reintroduced a bill Wednesday that would block companies and institutions from preemptively forcing employees, customers and others to arbitrate antitrust suits, civil rights...
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...
