Upcoming Deadline – ABA DR Section Conference Call for Proposals

The deadline for submitting a proposal to present at the ABA’s Dispute Resolution Section’s Annual Meeting is 10 days away – August 24th.  The Section is always looking for good programs, so don’t be shy in submitting one.  The meeting is scheduled for April 2010 in San Francisco.  A copy of the Call for Proposals … Continue reading Upcoming Deadline – ABA DR Section Conference Call for Proposals

Bank of America Drops Credit Card Dispute Arbitration Requirement

In an interesting development, Bank of America announced yesterday that it would remove its pre-dispute arbitration clause from its credit card agreements.  See AP report here.  This development cannot be a coincidence and surely is tied to the increasing Congressional scrutiny over mandatory consumer arbitration and the National Arbitration Forum’s decision to exit the consumer … Continue reading Bank of America Drops Credit Card Dispute Arbitration Requirement

Investor’s Guide to Securities Industry Disputes

The Pace Law School Investor Rights Clinic, pursuant to a generous grant from the FINRA Investor Education Foundation, has just published the Investor’s Guide to Securities Industry Disputes: How to Prevent and Resolve Disputes with Your Broker.  This Guide, which I co-authored with Clinic Staff Attorney Alice Oshins, is designed to help individual investors with modest investment accounts … Continue reading Investor’s Guide to Securities Industry Disputes

NAF Commentary – Part II

Here’s another comment, this one by Cliff Palefsky, a San Francisco lawyer with a substantial arbitration practice. Regulation is the price you pay for the elimination of true consent.  As the National Academy [of Arbitrators] said, “without volunariness, arbitration lacks moral and legal justification.”  Statistics in the end are meaningless.  Anyone who truly loves the … Continue reading NAF Commentary – Part II

Materials from Congressional Hearings on Arbitration

Lots to chew on coming out of Washington, D.C. in recent days. Paul Bland (Public Justice) and Professor Chris Drahozal (Kansas) provided testimony before the House Committee on Oversight and Government Reform Subcommittee on Domestic Policy, along with representatives of NAF and AAA. Their prepared testimony is available here. The Staff Report is here. Rep. … Continue reading Materials from Congressional Hearings on Arbitration

AAA Joins NAF in Stepping Away from Credit Card Arbitration

Citing the Wall Street Journal, WorkplaceProfBlog just reported here that the American Arbitration Association has withdrawn from consumer debt collection arbitration.  I have not found AAA’s statement on the decision, and I have no idea how this affects existing claims. Some have guessed that “smoking gun evidence” led to the NAF decision to withdraw.  I … Continue reading AAA Joins NAF in Stepping Away from Credit Card Arbitration