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Broad Coalition of Senate Democrats Call on Top Consumer Agency to Limit Unfair Arbitration Agreements in Everyday Financial Contracts

WASHINGTON, D.C. —(ENEWSPF)--August 4, 2016.  Today, U.S. Senator Ron Wyden, D-Ore., and a group of nearly 40 Democratic senators—including Senate Minority Leader Harry Reid, D-Nev., and Senators Al Franken, D-Minn., Patrick Leahy, D-Vt., and Sherrod Brown, D-Ohio—called on one of the nation’s top consumer advocacy agencies to quickly finalize an important proposal to limit the use of what is called “forced arbitration” in contracts that Americans sign when they need to take out an auto loan, sign up for a checking account, or pay for college.

Forced arbitration clauses . . .

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