Legislation Critical in Settling Arbitration Landscape
The American Arbitration Association released an announcement following the settlement between the Minnesota Attorney General and the National Arbitration Forum stating “it would stop participating in debt collection forced arbitration proceedings until new guidelines are established” (AAJ, Axelrod and Lorenzi, 7/22)
American Association for Justice Senior VP of Public Affairs, Linda Lipsen, said, “it has become clear that Congress must step in to protect consumers against predatory forced arbitrations. While AAA’s decision is noteworthy, it does nothing to halt nursing home, employment or any other consumer forced arbitrations, which are similarly biased and egregious. That is why Congress should pass the Arbitration Fairness Act and prohibit this abusive practice.”
As a personal injury lawyer, I support the Arbitration Fairness Act. Congress must act in a timely fashion to put a conclusive end to the continuing abuse of everyday people by corporations and private Wall Street forums.
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