Consumer Confidential: Government May Soon Begin Putting an End to Forced Arbitration Clauses
If you’ve got a credit card, you’ve been forced to kiss away your constitutional right to sue the card issuer. But it’s looking increasingly likely that this is about to change. The Consumer Financial Protection Bureau is examining so-called arbitration clauses in terms and conditions for financial products. Earlier the month, the head of the bureau, Richard Cordray, sent the strongest signal yet that the regulatory whip soon will...
