A Message from Consumer Action

Consumer Action's MoneyWi$e educational materials have moved to our Managing Money Project website. Here you may view, download and order bulk copies of the MoneyWi$e materials. Please make a note of the Managing Money Project address— www.managing-money.org —and add it to your address book.


New rule bans restrictive arbitration clauses in bank contracts

Source: Connie Thompson, KOMO News

If you have a bank account, chances are your bank has a contract clause that requires you to go through arbitration if you feel you've been harmed by company practices.

As the CFBP's website video explains,

"By forcing people to go it alone or give up, companies can avoid accountability, and continue to harm people. Our new rule will stop companies from using arbitration clauses to deny people their day in court. It will ensure people who are harmed together, can take action together."

Read Full Article: New rule bans restrictive arbitration clauses in bank contracts

 
 
 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

MoneyWise Modules

Managing Money Topics

Help Desk

Advocacy