Be Afraid, be very afraid… of binding mandatory arbitration
Being trapped into binding mandatory arbitration against a powerful corporation that has paid the arbitrator to "resolve" your dispute? Mwoohahaha. If that isn't scary, I don't know what is.
But don't be afraid, be informed! Over at Citizen Vox, Joe Newman introduces us to a great new blog devoted solely to informing the public about the dangers of arbitration, by chronicling real-life arbitration horror stories that happen to everyday people:
Halloween is coming up and it’s time to share your scariest consumer stories. A new blog, Arbitration Horror Stories, wants to hear from people who have had their lives turned upside down by those binding mandatory arbitration clauses that are hidden in all kinds of consumer contracts — for everything from credit cards and stock trading accounts to gym memberships. You usually don’t know that you’ve signed away your rights to take these companies to court over a dispute until it’s too late.
Thanks for the tip, Citizen Vox! Check out this new blog, especially when you feel like getting a good scare!