NY Times Pens Editorial on Forced Arbitration

Forced arbitration creates a system rigged against individual consumers and tipped in favor of billion dollar corporations. Hidden in the fine print of many business contracts are clauses that give corporations and unfair advantage over consumers. Those clauses eliminate the rights of consumers to take a case to court when a problem arises and allow corporations to evade accountability.

A recent editorial in The New York Times dissects the Consumer Financial Protection Bureau’s recent report on forced arbitration among financial corporations. 

According to the article, “The report found, for example, that most large banks put forced arbitration clauses in basic contracts and that 90 percent of those clauses bar both individual lawsuits and participation in class actions. This results in a systematic denial of justice.”

To read the entire article, click here