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Legal, Laws, and Regs Money

The arbitration death march

If you’ve been following my ramblings for any length of time, you know that I love cephalopods, and hate mandatory arbitration agreements. Well, the Humboldt squid have got the divers on the run in the waters off the California coast, and the consumer protection advocates now have the major arbitration firms on the run in the rest of the country.

I missed the story about the Minnesota Attorney General filing a lawsuit against NAF, the National Arbitration Forum, the worst of the mandatory arbitration firms. As part of the settlement, NAF had to pull completely out of arbitrating any consumer arbitrations. Luckily, I caught up with the news when the C & P weblog announced that the AAA is following the NAF, and this before Congress has ruled on the Fair Arbitration Act.

Sometimes, we win one.

update If you’re curious as to why I’m so down on mandatory arbitration, read this story at NPR.