CFPB Needs to Act on Arbitration

On Behalf of | Jul 1, 2014 | Arbitration

No one does a better job of shining a bright light on the problems caused by forced arbitration than Public Justice Executive Director Paul Bland.  He really lets loose in a blog article written earlier today discussing a recent travesty of justice in North Carolina, where “the North Carolina Court of Appeals said, in essence, it doesn’t matter if the arbitration clause is a get-out-of-jail free card for a law breaking corporation, we have to enforce it anyway.  And a few weeks ago, the North Carolina Supreme Court essentially said “Ok with us”.

The article concludes that the Consumer Financial Protection Bureau needs to take firm action if it is to serve its essential function, which is, of course, the protection of consumers.  

We agree.  To learn more, see Paul Bland’s article here.