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In 1925 the Federal Arbitration Act was passed. https://en.wikipedia.org/wiki/Federal_Arbitration_Act https://en.wikipedia.org/wiki/Federal_Arbitration_Act The
by dccoolgai 9y ago
In 1925 the Federal Arbitration Act was passed. https://en.wikipedia.org/wiki/Federal_Arbitration_Act https://en.wikipedia.org/wiki/Federal_Arbitration_Act The intention of the FAA was to provide a way to streamline legal/business relationships between two corporations and it was largely used that way until...
The Supreme Court said "Other laws don't matter - if there is an arbitration clause you have to go through that: No Court For You regardless of how you were injured." ( https://en.wikipedia.org/wiki/Southland_Corp._v._Keating https://en.wikipedia.org/wiki/Southland_Corp._v._Keating )
And then they were all like "Even if the law explicitly says you can take the party that harmed you to court, you can't": ( https://en.wikipedia.org/wiki/Preston_v._Ferrer https://en.wikipedia.org/wiki/Preston_v._Ferrer )
And then in 2011 they went absolutely bonkers and were like "OK, listen guys. Before this was just between businesses... but now a business can use it against people." ( https://en.wikipedia.org/wiki/AT%26T_Mobility_LLC_v._Concepcion https://en.wikipedia.org/wiki/AT%26T_Mobility_LLC_v._Concepc... )
and then all hell broke loose and now every company tries to use them for everything.
The link provided was just the most recent example of the SC expanding the power of the FAA.
- yebyen 9y agoHuh. So if I never had any direct relationship with Equifax, I am probably still able to sue them, but if I ever checked my credit report, I probably agreed to some bullshit arbitration clause that was buried in fine print, and now I'm SOL forever in perpetuity. Thanks! That kind of makes sense. In a very Machiavellian kind of way.
- yebyen 9y ago> Machiavellian Emphasis on unscrupulous...