Motley Ain’t No Fool…
The folks over at Motley Fool know that Mandatory Arbitration Stinks. Serena Maranjian writes:
I recently wrote about one of the many dangers credit card holders face: mandatory arbitration. Most cardholders don't realize it, but they've agreed to have all disputes settled by arbitration firms that tend to favor the card-issuing banks.
It turns out this problem is more far-reaching than I'd realized. It crops up in cell-phone contracts and even employment contracts. But then I heard more. (Read More)
The gospel is spreading, friends. Hopefully it will lead to some mobilization on the Hill. So far, only a few Senators have become formal supporters of Russ Feingold's Arbitration Fairness Act of 2007. Guess they're too busy confirming backward judges.