The legal rights of American consumers are increasingly under attack through the practice of forced arbitration. Forced arbitration clauses, found in contracts for many financial services and financial products, eliminate the consumer’s ability to file a class action lawsuit if they have been cheated. Individuals rarely have the resources to fight back against large banks and financial institutions.
The Consumer Financial Protection Bureau is attempting to right this wrong through proposed legislation which would curtail the use of forced arbitration. In a letter to Senators Lindsey Graham, Tim Scott, and Congressman Trey Gowdy, our own Ric Davis urges these lawmakers to take a stand for consumer’s rights by supporting this legislation.
Click here to read Ric Davis’ letter.
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