U.S. Regulator Wants to End Mandatory Arbitration for Consumers

Re:U.S. Regulator Wants to End Mandatory Arbitration for Con... by jeffdavis on Thursday May 05, 2016 @03:59PM (#11639241)

Private arbitration serves two related purposes (as far as I can tell):

1. Cheaper court costs overall

2. Less ability for one party to impose huge costs on the other at little cost to themselves (any time such an imbalance exists, it can be used like extortion to force a favorable settlement).

If we solve those problems with public courts, I don't see any need for mandatory arbitration.

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Re:U.S. Regulator Wants to End Mandatory Arbitration for Con... by trimtab on Thursday May 05, 2016 @08:10PM (#11640712)

Fix the courts. Arbitration is not a a fair fix. At least if a case has merit and the aggrieved can find an attorney who will take the case on contingency. Attorneys don't take contingency cases that they don't think they can win. That is the best check against frivolous cases.

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