AFSA and Joint Trades Support Arbitration
AFSA and Joint Trades yesterday wrote a letter to Congress in support of pre-dispute arbitration clauses and against the “Forced Arbitration Injustice Repeal (FAIR) Act”, a bill which would effectively ban such provisions in private contracts. “The use of pre-dispute arbitration clauses in contracts benefits consumers, small businesses, and employees. For example, recent studies have found that employees and consumers prevailed more often, recovered more money, and resolved their claims more quickly in arbitration than in litigation” the letter explained.
The Joint Trades stressed that in contrast, “the only clear beneficiaries of eliminating arbitration clauses are class action lawyers who would directly benefit from increased class action litigation replacing cost-effective and fair arbitration as a viable way to resolve disputes.”
May 19th, 2021 by Dan Bucherer