Posts Tagged ‘NAF’

“The business of resolving credit-card disputes is booming. But critics say the dominant firm favors creditors that are trying to collect from unsophisticated debtors” Banks vs. Consumers (Guess Who Wins) [BusinessWeek]

Last week was quite a week for arbitration. Here was all the arbitration news that popped up here on Caveat Emptor:

Mandatory binding arbitration sucks (say 81% of Americans). Taking a look at the U.S. Chamber of Commerce study on mandatory binding arbitration.
National Arbitration Forum thinks courts should just rubber stamp arbitration awards. NAF on getting [...]

Maybe the tide is starting to change. ABC News’ Good Morning America show’s piece on what a scam mandatory arbitration is for credit cards is great.
Among its highlights are a women who was harassed and sued for some one else’s debt, and a judge who was black balled for deciding in the consumer’s favor once. [...]

ABC News did a great piece on debt collection, arbitration, and especially the National Arbitration Forum, where consumers in California lose 99% of the time. A former NAF arbitrator says on camera that she was forced to quit for ruling in favor of a consumer one time. Stick around for the great commentary at the [...]

National Arbitration Forum basically offers a rubber stamp to debt collectors already, and they argue that courts should turn their awards into court judgments without looking too closely.
Are courts unreasonably tossing out arbitration awards? Nope. NAF is just advocating for its clients, the debt collectors, who have no proof of the debts on which they [...]

81% of Americans polled in a recent study commissioned by the U.S. Chamber of Commerce disapproved of mandatory binding arbitration. This is the corporation-friendly, tie-your-hands arbitration that is written into most of the consumer contracts we sign every day for credit cards, cell phones, etc.
So maybe it is time for Congress to get going and [...]

I learned a curious fact in the course of an arbitration proceeding with the National Arbitration Forum. Once either party obtains a stay of the arbitration, the opposing party has 15 days to file an objection. After that 15 days is up, apparently only the party that requested the stay can lift it.
In other words, [...]