Arbitration Fairness Act
Arbitration is harming more and more Alabama consumers. Many things we buy come with arbitration agreements and we have no choice if we want the product. For example, it is difficult to find a new car dealer who does not require arbitration but yet the auto dealer association begged Congress to prohibit arbitration agreements with manufacturers. Virtually all credit card agreements require arbitration. The list goes on and on.
Is this bad for consumers? To help you gain the facts to make your own decision, please read the entire post from the Consumerist - we have provided a small sample of the post:
What started as a way for peers to come to a sort of expedited gentleman's agreement has evolved into a extra-judicial system for corporations to enforce their will and protect themselves from censor. The Christian Science Monitor found that the top 10 arbitration firms decide in favor of companies 98.4% of the time. This seems hardly representative of a system between parties "of generally similar sophistication and bargaining power."
We also recommend that you go to this site and find out more about how troubling the problem of mandatory arbitration has become and what you can do about it.
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