This kind of arbitration is generally heavily weighted against the consumer, preventing individuals from bringing lawsuits against companies and instead “ disputes into secretive arbitration proceedings rigged to favor financial companies and conceal wrongdoing from regulatory authorities,” as Public Citizen explains.įorced arbitration came up after the Equifax hack when consumers noticed it in the company’s terms of service, a controversy that Equifax sort of clarified in its sketchy Equifax-like way. Werner hopes that everyone riding the tide of Equifax outrage will call their representatives to defend the Consumer Financial Protection Bureau rule that limits mandatory arbitration practices. If you witnessed this, please hit us with the GIF.
“There were news cameras in front of him… I was chasing behind him,” said Werner, who likely correctly believes that the footage would make the evening news. In perhaps the most hilarious moment among many, Werner actually tailed Smith after the hearing to deliver the ex-Equifax CEO fistfuls of money meant to represent the $7.25 million contract the company just secured with the IRS. The Monopoly Man – Amanda Werner October 4, 2017 Hello! The Monopoly Man is here to raise attention to Equifax's get-out-of-jail-free card, forced arb.
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