Consumer Law

10 Things Congress Needs To Recognize Regarding Consumer Protection

By M. Stan Herring

Americans For Fairness In Lending has a nice list of ten items that the government needs to consider and act upon to help restore some order to the markets and to be fair to consumers.

We won't repeat them here except to say we are particularly concerned about the horrendous practice of mandatory binding arbitration - particularly when it occurs through an amendment contained in a "bill stuffer". Its funny how companies don't want to be bound by mandatory arbitration (for example car dealers say its unfair for manufacturers to require binding arbitration) but these same dealers say it is absolutely fair to have mandatory binding arbitration on consumers. I know its hard to be always be consistent but come on....

Check out the article and if you agree let your elected officials know what you think and what you expect.

Full post as published by Alabama Consumer Blog on February 22, 2009 (boomark / email).