Forced Arbitration

SEC Commissioner suggests that SEC will allow corporations to put mandatory arbitration clauses into their charters to avoid shareholder securities fraud class actions

A brief remark from SEC Commissioner Michael Piwowar during a July 17, 2017, Q&A suggests that he believes the U.S. Securities and Exchange Commission might soon allow companies to introduce mandatory arbitration clauses into their corporate charters.

Categories: Class Action Facts, Forced Arbitration
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Republicans move to invalidate new CFPB rule banning forced arbitration

On July 20, 2017, Congressional Republicans began a process to attempt to eliminate a Consumer Financial Protection Bureau rule that stops companies from putting class action bans in their arbitration clauses and makes it easier for consumers to sue banks, credit card firms, payday lenders and other service providers in court.

Categories: Breaking News, Class Action Facts, Legislation, Consumer Protection, Forced Arbitration
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BBC World News connects passenger being dragged off of United Airlines plane to unequal bargaining power between consumers and corporations in America as a result of forced arbitration clauses

On the April 11, 2017, BBC World News Program, the announcer told a reporter for the Atlantic that traditionally in the United States, if a group of consumers were being treated unfairly by a large corporation, it might result in a lawsuit.

Categories: Breaking News, Consumer Protection, Forced Arbitration
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