You’re literally describing why arbitration works. Someone low income can just file for arbitration with minimal work by a lawyer. Contrast that with the tens of thousands they’d need to pay a litigator.
Someone angling to go into coding should be able to do the research to draft an arbitration claim on their own. In most cases that isn’t a fair assumption to make, but given the cohort, they should be able to collaborate on a draft.
The gating part isn’t doing the work. It’s knowing you have the option to.
Unless you’re a total numpty, you can learn online how to draft an arb claim. And even if you are a numpty, you should be be to find—in a half-decent cohort—someone who can do this.
The issue is rarely ability. It’s learned helplessness in the face of the legal system. The anxiety, not ability, is the limiting factor.
It is. I won't because this isn't something I care deeply about. The question is whether they would have been better off without arbitration, and the answer is no.
I honestly can't think of a clearer example of arbitration agreements screwing people over.
This is also an area I care deeply about. And have read north of 2000 pages of cases, analysis, and position papers on the topic.
I also have a list of about 90 more documents to read. Slow but steady progress.
> I went to a lawyer and was told it wasn't worth suing, because they required arbitration in NYC, which would cost more than I would save.
It sounds like arbitration does not work, according to people who had their lawyer look into it for this exact case. What are your thoughts on it given this new information available to you?
Curious who that lawyer is. Because for financial arbitration, the win rates are ridiculously skewed in favour of borrowers and retail investors.
I'd like to read it and add it to this list: https://arbitrationinformation.org/docs/references/
That said, I do know bank lobbying group who want to outlaw arbitration for unaccredited investors. Will pass this along.
To the extent possible id like to strongman arbitration but need to find sources.
The problem is that Lambda School still tries to service those debts. The victims are usually low-income, so they lack the resources to lawyer up. If they do lawyer up, they end up being forced into arbitration due to an arbitration clause in their student agreements.
So in the end, it does feel like the BPPE is a half-measure that doesn't fully tackle predatory companies.