Category Archives: Arbitration

Consumer Financial Protection Bureau seeks to end mandatory arbitration clauses

Today, the Consumer Financial Protection Bureau (CFPB) proposed new rules that prohibit banks, credit card companies, money-transfer services, and other financial service providers from forcing their customers to settle disputes in arbitration. These mandatory arbitration clauses found in boilerplate contracts prevent customers from suing in court or taking part in a class action lawsuit for any … Continue reading Consumer Financial Protection Bureau seeks to end mandatory arbitration clauses »

Supreme Court prohibits states from banning arbitration clauses

The Supreme Court ruled today that consumers in California cannot rely on state law to get out of an arbitration clause that a business inserts in their contract. The court reasoned that the Federal Arbitration Act allows businesses to prohibit customers from filing a lawsuit against them, and instead require all disputes to be settled … Continue reading Supreme Court prohibits states from banning arbitration clauses »

How to get your money back in small claims court or arbitration

Filing a claim against your cable, internet or wireless provider in New York small claims court or arbitration can seem complicated. Here is a step-by-step comparison between the two.[1] Do I need an attorney? Small Claims Court: No. American Arbitration Association (AAA): No How much can I demand? Small Claims Court: It depends on where you … Continue reading How to get your money back in small claims court or arbitration »