Forced Arbitration – Loss of Rights

Posted By on May 10, 2016 | 0 comments

photo1126Forced Arbitration is a scam that takes away your rights to a fair trial in Court. A growing number of Americans discover forced arbitration clauses the hard way. Thousands of credit card companies, banks, investment firms, cell phone providers, schools and nursing homes, are inserting legalese into employment contracts and service agreements called “forced,” “binding” or “mandatory arbitration.” When something goes wrong – and in some cases awfully wrong – the customer, renter, homeowner, resident, patient, employee, etc., is forced into arbitration. And that’s when the bomb goes off!

Individuals almost always lose to businesses in arbitration (97 percent of the time according to 2007 Public Citizen report). Why? Because arbitrators are hired and hand picked by the offending businesses. Decisions from the arbitration proceedings are secret, and there is no appeal. A recent investigative series by the New York Times called forced arbitration “a far-reaching power play orchestrated by American corporations,” and quoted state judges who called it a “get out of jail free” card.

Forced arbitration clauses are a new tactic developed by a Wall Street-led coalition of credit card companies and retailers. Their goal, according to interviews with coalition members and court records, was simple: find a way to legally insulate businesses from lawsuits. The victim – you.
Read more below to find out what’s being done about forced arbitration.

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