PLEASE SIGN THE PETITION TO STOP FORCED ARBITRATION & HELP GET BACK YOUR RIGHTS!
By: chris.placitella @ Mar 16, 2015
Americans must have access to the courts to prevent corporate wrongdoing. All too frequently, they have been ripped off by banks and credit card companies and then find that due to the use of forced arbitration they are unable to enforce their basic rights. It is a bad system that allows companies to evade responsibility for violating consumer protection and other fundamental laws.
By hiding forced arbitration clauses in the fine print, corporations have been able to keep this abusive practice out of the public eye. Now, nearly every American has had their rights eliminated by forced arbitration when they engage in ordinary business such as the use of credit cards, buying a cell phone, visiting websites, starting a new job, enrolling their children in camps, and even admitting a loved one into a nursing home.
Help us get back the right taken from you without your knowledge or consent. Sign this petition and forward it to your friends and family. To sign petition click here https://ow.ly/K1Rvi.
The study that was just issued by CFBP really drives home the point of how consumers are being seriously misled. Most consumers had no idea that they were subject to arbitration clauses hidden in the fine print of contracts for financial products and services. And in the cases decided by arbitrators, primarily for disputed debts, the great majority were decided in favor of the company. In sharp contrast, consumers who were able to go to court were treated far more generously through class action settlements.
The CFBP lays out the case why action is necessary. It is vital that that CFBP move forward and prohibit the use of forced arbitration to prevent corporations avoiding responsibility for their actions. Hard-working Americans deserve no less. You can read the study here https://www.consumerfinance.gov/reports/arbitration-study-report-to-congress-2015/
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