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This month’s newsletter covers everything from the Senate vote overturning a rule banning banks and credit card companies from using forced arbitration clauses in customer contracts to tort reform bills that make it more difficult for personal injury victims to get their day in court.
In October, the Senate voted to overturn a rule issued by the Consumer Financial Protection Bureau that banned credit card companies and banks from using forced arbitration clauses in customer contracts.
These clauses prohibit you from filing a lawsuit, including a class action lawsuit, if the bank engages in any illegal or fraudulent behavior with your account or your personal information. These clauses allow the bank to choose an arbitrator to settle the dispute in private. Corporations usually hire arbitrators who tend to rule in favor of the corporation.
Another rule prohibiting forced arbitration clauses in employment agreements was eliminated in March. This means that workers who sign these contracts do not have the right to a jury trial if they suffer discrimination or have workplace safety concerns.
These clauses favor corporate profits instead of the right of consumers to seek justice in the court system, a right guaranteed by the Seventh Amendment to the U.S. Constitution.
Two bills were introduced in the U.S. House of Representatives this year that are aimed at tort reform, which is a guise for actions meant to benefit legislators’ corporate allies.
H.R. 725 allows corporate defendants to move cases from state courts into federal courts. However, these courts are often overburdened, which can cause delays and result in increased costs for victims and taxpayers.
H.R. 985 puts severe restrictions on the ability of consumers to join together and file class action lawsuits to seek justice when they have been wronged.
The House passed both of these bills and they are now ready to be voted on by the Senate.
Our experienced personal injury attorneys are committed to fighting for justice for victims of many types of personal injuries.
Contact us today for a free legal consultation to discuss the merits of your case. Your consultation is free, and you will not be charged legal fees unless we recover compensation.
We understand the wide-ranging effects of a personal injury and are committed to fighting for fair compensation for all of the effects of your injury, including medical expenses, pain and suffering, and lost wages.
Complete a Free Case Evaluation form or call us at 414-333-3333.
This page has been written, edited, and reviewed by a team of legal writers following our comprehensive editorial guidelines. This page was approved by attorney Jeffery A. Pitman, who has more than 28 years of legal experience and handled thousands of personal injury cases while obtaining millions of dollars in verdicts and settlements in Wisconsin.
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