“Arbitration offers a simpler, fairer and faster way to resolve disputes than going to court,” said Matt Webb, ILR senior vice president of legal reform policy, in today’s Los Angeles Times. He was commenting in a story about efforts at the Consumer Financial Protection Bureau and in Congress to ban consumer arbitration.
”On the other hand, class-action lawsuits are often driven by plaintiffs’ lawyers who stand to gain millions of dollars from them while members of the class receive little or nothing,” added Webb.
Commenting on U.S. Sen. Pat Leahy (D-VT) bill to ban some arbitration clauses, Webb said the legislation “is about more lawsuits, more money for lawyers and less justice for consumers.”
Read the full story here.