AT&T is trying to force customers into arbitration in order to avoid a class-action complaint over the telecom’s former practice of selling users’ real-time location data. In a motion to compel arbitration filed last week, AT&T said that plaintiffs agreed to arbitrate disputes with AT&T when they entered into wireless service contracts. The plaintiffs, who […]
Pence Breaks Tie in Senate Vote to Ax Arbitration Rule…
Senate Republicans on Tuesday night leaned on a tie-breaking vote from Vice President Mike Pence to kill a landmark financial regulation that restricts banks and credit card companies from imposing mandatory arbitration on their customers as a means to resolve disputes. The vote is a blow to the Consumer Financial Protection Bureau and its controversial […]
Wells Fargo to Abused Customers: See You in Arbitration…
Only in the la-la land of financial industry justice does stuff like this happen. After suing Wells Fargo & Co. for alleged fraud, invasion of privacy and other claims related to the bank’s highly publicized unauthorized accounts scandal this autumn, a group of 80 customers who are seeking class status got this message late last […]
Wall Street’s Protection Racket: Mandatory Arbitration…
What people across Wall Street cannot figure out is why the Board of JPMorgan Chase didn’t sack its CEO, Jamie Dimon, at some point between the bank’s first two felony counts in 2014 and…