Bank of America Announced It Will Halt Forced Arbitration

Finally, working families get some justice!

On August 13, the Bank of America Corp. (BOA) announced that it would no longer force arbitration of consumer debt. Recently, BOA settled a lawsuit brought by the Minnesota Attorney General to halt the unfair system that amounts to little more than "rigged justice," rigged in favor of credit card companies. In the past, BOA teamed-up with the National Arbitration Forum (NAF) in what amounted to "rigged justice" in debt collection cases. NAF and the American Arbitration Association (AAA) also agreed to stop forcing consumers to arbitrate in debt collection cases, a process that consumers rarely won.

The American Association for Justice Associate Director of Federal Relations, Julia Duncan said:

“While the decision by Bank of America to no longer rely on forced arbitration in consumer disputes is a positive step, it’s clear that Congress must intervene to protect consumers. Forced arbitration clauses are buried in the fine print of everything from credit card and cell phone contracts to employee handbooks and nursing home agreements. These clauses eliminate Americans’ access to the courts, forcing them instead into a private system set up by corporations to favor corporations. That is why Congress must pass the Arbitration Fairness Act and prohibit this abusive practice.”

To learn more about abusive forced arbitration clauses, see The Devil is In the Details - Forced Arbitration

If Your Daughter Has Been Rape At Halliburton, She May Have to Arbitrate Her Rape

It's in our nature as Americans to insist upon "fair play." From politics to the pulpit, Americans want "fair play," especially when it comes to justice.

But now-a-days, Big Business doesn't "play fair;" they want a "stacked deck." They want a sure thing, a winning hand, especially when it comes to justice. But, this can be difficult to get when juries call the shots. So, how does Big Business stack the deck when it comes to justice? It's easy! Simply let an indifferent conservative court force arbitration.

The conservative indifferent U.S. Supreme Court has expanded a 1925 law to a level no member of Congress ever thought possible. They have allowed Big Business to create corporate owned kangaroo courts.

Corporate-owned companies like the National Arbitration Forum prostitute justice by limiting the liability of Big Business to insure that corporate dirty linen stays out of public courtrooms, hidden in the dark world of back room deals called mandatory arbitration.

Mandatory arbitration hides all manner of financial chicanery, and all manner of abuse of workers. Including rape! Just ask Jamie Jones.

Jamie Leigh Jones was 19 and working for Halliburton/KBR in Houston when she volunteered to go to Iraq. Four days after she arrived, she was drugged and gang-raped. Her enemy wasn't rebel militias, but thugs employed by KBR. Jamie sued. But KBR said, "No way the public hears these stories in court. This goes to arbitration."

Ah, justice is a fickle thing...

John Vail, Op-Ed, National Law Journal, 8-4- 08

National Arbitration Forum. Rent-A-Judge! How Arbitration Is Undermining Justice for Consumers

Troy Cornock is a regular guy, not unlike you and me. Like most us, Troy had never heard of the National Arbitration Forum (NAF). One day, Troy received a letter from NAF saying he owed money on a credit card.

Here's the problem: Troy never signed a credit card agreement, and Troy's ex-wife had made all of the charges. Ex-spouses are known to do that. Yet, the NAF ordered Troy to pay more than $9,000 anyway.

Troy’s story is just a small example of how “mandatory arbitration clauses” have pervaded the consumer landscape and prevented customers from getting their day in court. Rent-A-Judge and get the decision you want!

Gary Weiss, Forbes 10/11/2007 Read Article: Forbes