U.S. GOVT. AGENCY TO ANALYZE IMPACT OF PRE-DISPUTE ARBITRATION AGREEMENTS

A week ago, we blogged about the evisceration of consumer rights by way of the class action waiver. See here.   Class action waivers are typically found within arbitration agreements.

The Dodd-Frank Wall Street Reform and Consumer Protection Act mandates that a government agency look into the pros v. cons of “pre-dispute arbitration agreements” and particularly, the impact of pre-dispute arbitration agreements on the rights of consumers in the securities and financial services industry.  Public comments on arbitration may be submitted as directed in the The Request for Information on Arbitration prepared by the Consumer Financial Protection Bureau, the government agency looking into the issue.   The Bureau is seeking information on the prevalence of the use of pre-dispute arbitration agreements, the use and impact of these agreements on the claims (and type of claims) that may be asserted in arbitration, and the impact of pre-dispute arbitration agreements outside of the arbitration forum itself.

Ewusiak & Roberts represents individuals who have suffered avoidable investment losses.  Typically, the claims are raised in arbitration.  For more information, or for a free consult on whether a claim exists for investment loss recovery, e-mail us at freeconsult@erlitigators.com.

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