4 ms·

Is having a clause like that in your ToS legal?

• ascagnel_ 6y ago
  In the US, yes, a terms of service can force binding arbitration.
  • dd36 6y ago
    And the CFPB had made a rule outlawing it for financial firms and then the Republican senate killed it with the Congressional Review Act.
  • wrkronmiller 6y ago
    IANAL but I believe that some clever lawyers have used this to the advantage of the victims by essentially creating a DOS attack on the company, flooding it with binding arbitration claims. https://www.nytimes.com/2020/04/06/business/arbitration-overload.html https://www.nytimes.com/2020/04/06/business/arbitration-over...