Anti-Arbitration Nation: Arbitration associations back down from consumer debt disputes
As two arbitration associations back down from consumer debt disputes, the public debate comes to a head.
September 30, 2009 at 08:00 PM
18 minute read
Although perceptions of unfairness have long followed them, it took just one lawsuit to knock two leading arbitration associations out of the consumer debt resolution game. After a year-long investigation, Minnesota Attorney General Lori Swanson filed suit July 14 against the National Arbitration Forum (NAF) for deceptive practices, alleging it hid financial ties with debt-collection companies and law firms.
NAF refuted the charges and settled the lawsuit July 19.
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