Newsclip®: [Business] No mandatory arbitration

"A federal watchdog agency has the opportunity to protect consumers in a big way. The Consumer Financial Protection Bureau has proposed a rule that would bar companies from forcing customers and clients to resolve disputes through arbitration. This practice has reached epidemic proportions in recent years, with entities ranging from banks to nursing homes to landlords and cable and cellular telephone providers sneaking mandatory arbitration language into contracts that many consumers sign without reading.", www.koreatimes.co.kr


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