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  • Feingold - Johnson 2007 Eliminates Binding Arbitration Clauses

    Courtney Mills | August 14, 2007 2:18 PM | 2 Comments
    Category: Miscellaneous

    Senator Russ Feingold (D-WI) and Representative Hank Johnson (D-GA) introduced legislation in July 2007 that will preclude big companies from including binding arbitration clauses in contracts with ordinary citizens. As the law now stands, consumer credit lenders use private arbitrators to litigate debt disputes with cardholders. Most consumers do not even realize that they have signed away...

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