CFA Joins Others Supporting the FAIR Act Which Protects Consumers from Being Forced into Arbitration
CFA, and other organizations, issued a letter in strong support of the Forced Arbitration Injustice Repeal (FAIR) Act ahead of the legislation being introduced in the U.S. of Representatives. The legislation would ensure that consumers, workers, servicemembers, nursing home residents, ordinary investors, and small businesses harmed by bad actors will be able to bring valid claims in court, and would not be forced into private, secretive, corporate-controlled arbitration systems required by nonnegotiable contracts. The FAIR Act would cover cases involving consumer, civil rights, employment, or antitrust violations, and would ensure that harmed individuals in these cases can enforce related federal and state protections.
