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Class Action / Arbitration Waivers

Fair Contracts Submits Comments to the CFPB on the Forced Arbitration Study

Fair Contracts' 2012 Contract Reform Team submitted comments to the Consumer Financial Protect Bureau in response to their request for information regarding the study on "pre-dispute arbitration agreements," which we call "forced arbitration."

Special thanks to Patrick Gleeson of Loyola University Chicago School of Law for all his work on this project. 

Citizen Works also signed on to coalition comments.  See both sets of comments attached here.

 

Arbitration: Is It Fair When Forced? Senate Hearing and Legislation

“Arbitration: Is It Fair When Forced?”

The Supreme Court Rules Against Consumers By Allowing Companies to Enforce Unconscionable Class Action Waivers in the Forced Arbitration Provisions of Fine Print Contracts

Today the Supreme Court ruled 5-4 in a closely-watched case that waivers of class action rights within arbitration provisions in company contracts are enforceable, even where a state deems those provisions to be unconscionable.

Fighting back against forced arbitration in securities agreements.

In this piece, finance writer John Wasik, explains how "wronged investors may still be stuck in a troubled system run by the brokerage industry" but how one investor -- Hollywood's Larry “JR Ewing” Hagman -- fought back, and won.  As Wasik explains: "When you sign any standard brokerage agreement, you are locked into their mandatory binding arbitration. While this may be more efficient and less costly than litigation, it can severely limit your ability to recoup your money."

Bland, Paul - "The Rent-A-Center Case" (1 min., 42 sec.)

An excerpt from the Round Table Discussion on Standard Form Contracts (The Fine Print in Contracts of Adhesion), June 4th, 2010 at the Carnegie Center in Washington, DC.

Paul Bland is a Senior Attorney at Public Justice. www.publicjustice.net

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Bland, Paul - "Arbitration Clauses That Ban Class Actions" (45 sec.)

An excerpt from the Round Table Discussion on Standard Form Contracts (The Fine Print in Contracts of Adhesion), June 4th, 2010 at the Carnegie Center in Washington, DC.

Paul Bland is a Senior Attorney at Public Justice. www.publicjustice.net

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