- Richard CordrayDirector of the Consumer Financial Protection Bureau
Revoke Corporations' License to Steal. Stop Forced Arbitration.
Corporations from sketchy payday lenders to shrewd Wall Street banks have found a way to cheat, steal, and defraud Americans without ever being held accountable for their actions. It’s called forced arbitration.
Buried in the fine print of many bank and credit terms of service are dangerous forced arbitration clauses that kick cheated consumers out of court and instead funnel them into a secretive dispute mill rigged in favor of big banks and predatory lenders.
With forced arbitration, corporations have granted themselves a license to steal and evade the law. And they are getting away with it.
But with your help, this can be stopped. The Consumer Financial Protection Bureau (CFPB) can revoke corporations’ license to steal by stopping the abusive practice of forced arbitration.
Tell the CFPB to put consumer financial security above Wall Street and stop forced arbitration.
- Director of the Consumer Financial Protection Bureau
We, the undersigned, call on the Consumer Financial Protection Bureau to prohibit forced arbitration in the terms of service of all consumer financial products and services under its jurisdiction. Stand up for consumers and restore our right to hold businesses accountable when they break the law.
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