Watch the video of Larry Bodine, Editor in Chief of Personalinjury.com, chatting with renownend personal injury attorney Mitch Jackson on the topic:
Consumers can sign the petition to stop forced arbitration of consumer disputes.
What I've described is not the paranoid raving of a fringe group. It's the studied conclusion of the U.S. Government. The federal Consumer Financial Protection Bureau reviewed hundreds of cases over a two-year period and concluded that arbitration clauses are a raw deal for consumers.
“Forced arbitration is among the most serious threats to Americans' financial security and has denied justice to countless victims of Wall Street's unscrupulous behavior,” said Lisa Blue, president of the American Association for Justice.
“Revoke Wall Street's license to steal,” said Lisa Donner, Executive Director of Americans for Financial Reform. “Just by opening bank account or accepting a credit or debit card, you should not have to give up your basic legal rights if you are ever ripped off. This practice has been gone on too long. It needs to stop.”