Web Letters: Credit Card Industry Defeated for Now

By American News Project

April 10, 2009

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  • Manditory arbitration agreements and related provisions are far more abusive than anything this legislation addressed. Read any credit card or other agreements you have with manditory arbitration provisions and you'll probably find you've signed away practically all your legal rights. Consumer protection legislation has been nullified, the protection of the court system has been nullified, the inequality of power between you and the corporation is being exploited beyond any limits you would have thought legal and the agreement as a whole is likely so one-sided and arbitrarily changeable that real courts wouldn't accept it as a valid contract. There's usually very little vaseline in the sand.

    David Keller

    Shelton, WA

    06/03/2009 @ 04:15am


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