Article: "Long-Awaited Rule To Curb Wall Street's Use of Forced Arbitration Released"

In forced arbitration, a company requires a consumer or employee to submit any dispute that may arise to binding arbitration as a condition of employment or buying a product or service. The employee or consumer is required to waive their right to sue, to participate in a class action lawsuit, or to appeal. Forced arbitration is mandatory, the arbitrator’s decision is binding, and the results are not public.

 

Article sourced from: https://www.justice.org/news/long-awaited-rule-curb-wall-street’s-use-forced-arbitration-released