Watch this interesting news video discussing forced arbitration clauses often inserted in the "very small" print of financial services contracts. Reporter Stacy Johnson mentions that the new Wall Street reform law has killed forced arbitration in a few circumstances and allows the new Consumer Financial Protection Bureau to eliminate or restrict it on a broader scale. The interesting part is that Johnson shows video of himself from 11 years ago reporting on forced arbitration clauses in credit card contracts. Will the new law help bring an end to this corporate practice that blocks consumers’ access to court or will Johnson have to return to this issue 11 years from now?
Top-Side Amicus Briefs Filed in AT&T v. Concepcion If The Contract Says It Shall Be NAF, Then There Shall Be No Forced Arbitration