“Mandatory pre-dispute arbitration is procedurally unfair to
consumers, and jeopardizes one of the fundamental rights of Americans; the
right to be heard and seek judicial redress for our claims,” the Attorneys
General wrote to Consumer Financial Protection Bureau Director Richard Cordray,
himself a former Ohio Attorney General. “These contractual requirements
are neither voluntary nor readily understandable for most consumers.
Often consumers do not recognize the significance of these provisions, if they
are aware of them at all. “
The following states’ AGs signed onto the letter:
California, Connecticut, Delaware, Hawaii, Illinois, Iowa, Kentucky, Maine,
Maryland, Massachusetts New Mexico, New York, Oregon, Rhode Island, Vermont and
Washington.
Any Republicans among them?
