Minn. sues a Credit Arbitrator
Date: Tue, 07/14/2009 - 21:13
I think Minnesota is on to sumpin' ;)
(If this has already been posted...sorry for the repeat, but...I couldn't find it on here.)
In Businessweek, there is quite an interestng article.
"The Minnesota Attorney General on July 14 sued the nation's largest arbitration firm involved in adjudicating delinquent credit-card debt, charging that it runs a biased process that favors major credit-card companies."
"The civil suit filed against the National Arbitration Forum in state District Court in Minneapolis alleges that far from being an impartial venue for resolving such disputes, the NAF has conflicting ties to major collection law firms that represent credit-card companies"
(If this has already been posted...sorry for the repeat, but...I couldn't find it on here.)
In Businessweek, there is quite an interestng article.
"The Minnesota Attorney General on July 14 sued the nation's largest arbitration firm involved in adjudicating delinquent credit-card debt, charging that it runs a biased process that favors major credit-card companies."
"The civil suit filed against the National Arbitration Forum in state District Court in Minneapolis alleges that far from being an impartial venue for resolving such disputes, the NAF has conflicting ties to major collection law firms that represent credit-card companies"
Thank you so much for bringing this to our attention! For you
Thank you so much for bringing this to our attention!
For you wronged alleged debtors and the curious, more information is here:
"http://www.businessweek.com/bwdaily/dnflash/content/jul2009/db20090714_952766.htm"
The San Francisco, Calif. City Attorney sued them last year, too!
"http://blogs.wsj.com/law/2008/04/07/san-francisco-sues-provider-of-arbitrators-alleging-bias/"
Note that out of 18,000 arbitration cases, only **30** of them were won by the consumer!! :shock: How DARE they speak of fairness and justice!!!
One more from last year:
Banks vs. Consumers (Guess Who Wins)
"http://www.businessweek.com/magazine/content/08_24/b4088072611398.htm"
