4 ms·
It is a continuing trend to push arbitration. Go to the dentist? Sign an arbitration clause. Don't sign it? Can't see that dentist (I went to four) Bid on a h
by pempem 3y ago
It is a continuing trend to push arbitration.
Go to the dentist? Sign an arbitration clause. Don't sign it? Can't see that dentist (I went to four)
Bid on a house! Somewhere between 2020 and 2024 they've added an arbitration clause to the template here in CA.
This is slightly different because you owned the hardware but only slightly.
Source: https://www.nclc.org/study-99-of-consumers-unaware-they-are-subject-to-forced-arbitration/ https://www.nclc.org/study-99-of-consumers-unaware-they-are-...
https://www.consumeradvocates.org/for-consumers/arbitration/ https://www.consumeradvocates.org/for-consumers/arbitration/
Consumers cannot sue for negligence, defective products, or scams. Just by buying a product or service, consumers can lose their right to hold a company accountable. Even if a retirement account disappears, a home is dangerous and defective, or a loved one suffers harm in a nursing home, a forced arbitration clause means there is no right to take the company responsible to court.
Arbitration is a private system without a judge, jury, or a right to an appeal. Arbitrators aren't required to take the law and legal precedent into account in making their decisions. There is no appeal or public review of decisions to ensure the arbitrator got it right.
Stanford B school on why its bad for consumers: https://www.gsb.stanford.edu/insights/why-binding-arbitration-game-rigged-against-customers https://www.gsb.stanford.edu/insights/why-binding-arbitratio...
- BobaFloutist 3y agoAnd the Supreme Court even struck down California's law banning forced arbitration.
- cyanydeez 3y agodentistry is one of those specialty that private equity is gobbling up.
- deleted 3y ago[deleted]