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: Bodily Injury Blog

Arbitration Group Hid Ties to Lenders, Lawsuit Says

By Edward Bills

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Minnesota Attorney General Lori Swanson filed a lawsuit Tuesday accusing one of the nation's largest arbitration service providers of hiding its ties to the debt-collection and banking industry. In the lawsuit, Swanson alleges that the National Arbitration Forum encouraged loan providers to include arbitration agreements in their consumer contracts and at times assisted credit issuers in arbitration disputes. Congress is considering legislation that would make mandatory arbitration agreements unenforceable.

Full post as published by Bodily Injury Blog on July 15, 2009 (boomark / email).

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