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RELEASE: Wells Fargo Settlement Highlights Importance of Class Actions, Dangers of Forced Arbitration

March 29th, 2017

By: Amanda Werner

FOR IMMEDIATE RELEASE March 29, 2017 CONTACTS: Jan Kruse, National Consumer Law Center, jkruse@nclc.org Christine Hines, National Association of Consumer Advocates, christine@consumeradvocates.org Laurie Kinney, Alliance for Justice, laurie.kinney@afj.org Sarah Jones, American Association for Justice, sarah.jones@justice.org Amanda Werner, Public Citizen, awerner@ourfinancialsecurity.org   Wells Fargo Settlement Highlights Importance of Class Actions, Dangers of Forced Arbitration This week’s announcement of

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Ahead of CFPB Rule, Congress Prepares for a Showdown over the Future of Forced Arbitration and Consumer Class Actions

March 17th, 2017

By: Amanda Werner

Image credit: Johnny Silvercloud (CC BY-SA 2.0) Last week, lawmakers laid the groundwork for a battle over consumer rights and forced arbitration that likely will play out through the spring. First, congressional Democrats introduced several bills to restore consumers’ right to hold corporations accountable in court for wrongdoing. Led by U.S. Sen. Al Franken (D-Minn.), lawmakers

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Faces of Forced Arbitration

March 7th, 2017

By: Amanda Werner

Stories of consumers harmed by forced arbitration in financial services contracts. Photo credit: Juli Shannon (CC BY-NC-ND 2.0) This afternoon, lawmakers introduced several pieces of legislation to curb the growing use of “ripoff clauses” and ensure harmed consumers, service members, students, and workers have a right to fight back in court against corporate wrongdoing. Known

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LETTER: FAN Coalition Applauds Justice for Victims of Fraud Act of 2016

December 1st, 2016

By: Amanda Werner

PDF here.   December 1, 2016   Sen. Sherrod Brown Ranking Member, U.S. Senate Banking Committee Washington, D.C. 20510   Dear Senator Brown: Fair Arbitration Now, a network of more than 70 consumer, labor, legal and community organizations, is pleased to support the Justice for Victims of Fraud Act of 2016. Working hand-in-hand with a

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Wells Fargo’s Use of Forced Arbitration to Deny Consumers Justice

October 3rd, 2016

By: Amanda Werner

Since federal agencies announced their $185 million enforcement action against Wells Fargo for widespread fraud, there has been renewed focus on the bank’s use of forced arbitration. Forced arbitration is a relatively new phenomenon designed to allow corporations to keep misconduct out of public view, evade the law, and escape accountability. Buried in the fine print, “ripoff

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