This past Sunday, the NY Times published an article carrying the headline, “Efforts to Rein in Arbitration Come Under Well-Financed Attack.” The “well-financed attack” to which the headline refers appears to be an advertisement critical of the CFPB that ran during last week’s Republican presidential debate and recent efforts by the U.S. Chamber of Commerce to require the CFPB to conduct another study before issuing an arbitration rule.
This article follows the NY Times’ publication of a series of three articles that were highly critical of arbitration. It also references recent efforts of arbitration opponents to curtail its use, including the proposal of the Department of Justice to amend the Servicemembers Civil Relief Act (SCRA) to make unenforceable arbitration agreements in contracts with servicemembers that provide for the use of arbitration to resolve SCRA claims unless all parties consent to arbitration after a dispute arises.
