And all those auto loan customers who had their cars repo’s by mistake are really going to be helped by this b******* law! What a crock! Definitely NOT GOOD. BAD FOR MIDDLE CLASS!
Typical black-and-white rhetoric from both sides. Class actions have a benefit but they can also be a plague when abused. It’s very common for class actions to yield millions in profits for big law firms leaving the actual consumers with pennies each. Arbitration can actually benefit plaintiffs. That said, allowing all businesses to simply ban class actions by contract can make it impossible for businesses to be held accountable when their actions cost individuals amounts not worth suing over. As usual the answer is not “all the way in” or “all the way out.” We either need to reform the class-action process to curb abuse or place limits on how and when these arbitration clauses can be enforced. Throwing out all arbitration clauses as unconstitutional, or allowing business to essentially ban class actions on their own are both wrong, it just a questions of who is getting screwed. I’m not pro-business or pro-consumer, I’m pro-fairness and pro-common sense.
Good for our new POTUS. The more regulations he does away with, the more the country will prosper. Sorry Dems!
And Wells Fargo will get pardons because all their customers made those fake accounts on their own. NOT GOOD.
And all those auto loan customers who had their cars repo’s by mistake are really going to be helped by this b******* law! What a crock! Definitely NOT GOOD. BAD FOR MIDDLE CLASS!
Don’t worry reality and Bill, his Kut Kut Kut plan will save all who make the KKKut.
Typical black-and-white rhetoric from both sides. Class actions have a benefit but they can also be a plague when abused. It’s very common for class actions to yield millions in profits for big law firms leaving the actual consumers with pennies each. Arbitration can actually benefit plaintiffs. That said, allowing all businesses to simply ban class actions by contract can make it impossible for businesses to be held accountable when their actions cost individuals amounts not worth suing over. As usual the answer is not “all the way in” or “all the way out.” We either need to reform the class-action process to curb abuse or place limits on how and when these arbitration clauses can be enforced. Throwing out all arbitration clauses as unconstitutional, or allowing business to essentially ban class actions on their own are both wrong, it just a questions of who is getting screwed. I’m not pro-business or pro-consumer, I’m pro-fairness and pro-common sense.