Wednesday, August 11, 2010

The days of forced consumer arbitration could be numbered

Interesting article in the St. Louis Post-Dispatch:

Buy a car, change cell phone plans or open a new credit card and you'll likely be required to sign a lengthy contract that — let's be honest here — you're never going to read.

Increasingly, those terms and conditions include provisions that prevent you from suing the big companies that wrote the contracts. Instead, you can try to get satisfaction through arbitration. Good luck.

Forced consumer arbitration isn't new, but it is becoming more and more common. Yet that could change, as consumer groups opposed to the practice say they have never been closer to victory. ... Full article here.


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