The Consumer Financial Protection Bureau issued its long-awaited report on forced arbitration this week. The report reinforces the conclusions of AFJ’s short documentary, Lost in the Fine Print: Forced arbitration is a bad deal for consumers, depriving them of the chance to stand up for their rights in court.
The CFPB held a hearing on the report on Tuesday. AFJ Justice Programs Director Michelle Schwartz testified, and Paul Bland, executive director of Public Justice, who features prominently in Lost in the Fine Print, was part of a panel discussion.
CFPB has the power to prohibit forced arbitration in consumer financial products – and we’re urging the agency to do just that. You can help by signing our petition.
Read our statement on the CFPB report
Read Michelle Schwartz’s testimony at the hearing
Find out more about forced arbitration
Read the CFPB report
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