Public Policy

Wrongful Arbitration

Sunday, March 2. 2008

Wrongful Arbitration is the Hidden Cost of Unregulated Social Policy Calling for Outsourcing of Civil Justice

It has been some months since the initial study put out by Public Citizen. The report was spurred on, yet without any groundswell of public support, civil arbitration continues unabated, and unchallenged. Arbitrations performed by the National Arbitration Forum on behalf of major credit card issuers such as MBNA Card Services, and FIA Card Services continues unregulated nationwide. The only state that has successfully enacted legislation remotely like regulation is California, with their Corbett Bill-driven regulatory attempt of so-called 1281.96 reports.

It seems even this has no teeth. Since the Public Citizen report, the NAF has not posted a single additional quarterly report, as mandated by law.

How much longer will it be before all the other arbitration services decide they also, have no need to comply with the law?

Posted by

Steve

in Public Policy at 19:13 | Comments (0) | Trackbacks (0)

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National Arbitration Forum Claims Handling Analysis

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