03.09.22
New Bill Would Ban Forced Securities Arbitration Clauses
by: Tracey Longo
A new bill introduced by U.S. Senator Sherrod Brown (D-OH) would prohibit broker-dealers and other financial institutions from using forced arbitration clauses against consumers who want to seek restitution. The measure, which has 21 co-sponsors, would ban pre-dispute arbitration agreements and class-action waivers in contracts for consumer financial products or services.
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