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Jeff's Blog

Jeff's Blog
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General

7/27/2009
Tina M. McElhinny
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More breaking news on the lawsuit against NAF - Arbitration Reform!

 Wow - breaking news.  Only a couple of weeks ago, Minnesota Attorney General Swanson filed suit against the National Arbitration Forum for failing to disclose to consumers its close ties with the credit card industry and the nation's leading debt collection agency 

Six days later this company voluntarily exited the consumer-debt business COMPLETELY.   The company agreed to stop arbitrations involving credit cards, consumer loans, utilities, telecommunications, health care and consumer leases.

Another Arbitration company, the AAA (American Arbitration Association) widely used announced that it had stopped handling consumer debt arbitrations this past June

Most credit card agreements that uphold the pre-dispute arbitration clauses specify the arbitrations will be performed by either NAF or AAA.  With both of these companies out of business with consumer debt cases, many of these claims will now floor the conciliation court or state District Court.  Both companies heard nearly 214,000 cases a year.

Jeff Suher, Pittsburgh Consumer Attorney who specializes in the Fair Debt Collection Practices Act and the Fair Credit Reporting Act. 

Jeff sues abusive debt collectors and helps consumers that have incorrect information on their credit reports.  



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