Ed's Blog

Today the Consumer Financial Protection Bureau took an important first step toward protecting consumers from mandatory arbitration clauses -- boilerplate in bank account and other contracts that limits consumer legal rights. In a release, "CFPB launches public inquiry into arbitration clauses," the CFPB announced that it seeks consumer (and industry) comments through June 23 on the effect of arbitration clauses on a consumer's ability to obtain redress when harmed by corporate practices. The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 gives CFPB authority to ban mandatory arbitration after conducting a study. That's an important responsibility because a series of Supreme Court decisions has increasingly upheld the right of firms to insert arbitration clauses to limit consumer legal rights, going so far as to limit longstanding state law rights for consumers to band together in class actions. When a company knows you can't take it to court, why should it care what you think or how it treats you? Release and more background from ally Public Citizen.

Meanwhile, the New York Times has a major followup today on a January lawsuit (her complaint in pdf) by Minnesota Attorney General Lori Swanson (her release) against a debt collector, Accretive Health, that blocks and tackles consumers trying to get through hospital emergency room doors. From NYT reporter Jessica Silver-Greenberg's powerful story "Debt Collector Is Faulted for Tough Tactics in Hospitals:"

"One of the nation’s largest medical debt-collection companies is under fire in Minnesota for having placed its employees in emergency rooms and other departments at two hospitals and demanding that patients pay before receiving treatment, according to documents released Tuesday by the Minnesota attorney general. [...] “Patients are harassed mercilessly,” a hospital employee told Ms. Swanson. Another hospital employee complained, “We were told if we don’t get money from patients, in the emergency room, we will be fired.” 

In her own January news release, General Swanson also explains some of the backstory on Accretive Health, which is owned by a private equity/hedge fund entity that had been involved in her previous 2009 enforcement action over forced arbitration practices of its other subsidiary, the allegedly neutral National Arbitration Forum, along with its clients, the big credit card companies. From the AG's release:

"In 2009 the Minnesota Attorney General’s Office sued the National Arbitration Forum—the nation’s largest consumer credit arbitration company—for telling consumers and courts that it independently and neutrally decided consumer credit cases when, in fact, it was affiliated with a New York private equity fund that owned the major debt collection enterprise that filed cases with the Forum.  That equity fund was Accretive, LLC, and it set up the enterprise in which it simultaneously took control of the nation’s largest debt collection enterprise and became affiliated with the Forum.  In the wake of the lawsuit, the National Arbitration Forum was banned from arbitrating consumer credit disputes, and the debt collector owned by Accretive, LLC shut down.  Accretive, LLC (the master equity fund), however, survived, and Accretive Health is one of its portfolio companies."

Following General Swanson's successful 2009 enforcement action against National Arbitration Forum (NAF), which incidentally includes charts and explanations (see esp. pages 11 and 14) of the tangled web between the supposedly neutral arbiter, the hedge fund that owned it, a number of debt collectors that fronted for it and the big credit card companies, many of those credit card companies entered into consent decrees not to use forced arbitration for three years. Now that those decrees have already, or will soon, expire, it is critical that the CFPB act quickly to restore consumer legal rights by eliminating the use of forced arbitration in consumer financial contracts.

Also today, the non-profit, non-partisan World Privacy Forum announced updates to its helpful pages on medical identity theft.

Comments

Your blog is very informative and useful. You have written it very well. I have bookmarked your blog. Your blog written in very good, I like it very much, I will often come to.Thank you to let me see your blog, I love you blog style, very cool.Your blog too good, I will soon come back again, to keep at it.Your website is very beautiful, you do something great!!Your essay is good, I like it very much. Excellent Blog! I really admire your thinking and the way you have put these information in this post.

I'm attracted by your topic which i;m intrested in .Your article is really good and it helps me a lot.That equity fund was Accretive, LLC, and it set up the enterprise in which it simultaneously took control of the nation’s largest debt collection enterprise and became affiliated with the Forum. In the wake of the lawsuit, the National Arbitration Forum was banned from arbitrating consumer credit disputes, and the debt collector owned by Accretive, LLC shut down.Yes, this information is important.This blog is an exact representation of skills. I appreciate the blogger for posting the most excellent thought. This topic posted by you is trustworthy. I like you recommendation. Your recommendation is of well use to people. A great article post, this is something very interesting.
The Closer Seasons 1-7|The Closer Season 7 DVD sale |NCIS Season 11 DVD | American Idol Season 11 DVD|Cheap Home Improvement Seasons 1-8 |Cheap One Tree Hill Seasons 1-9 DVD | One Tree Hill Season 9 DVD sale|Monk season 1-8 DVD

You have a clever yet attractive way of writing. Hey, people utilized to write great posts, however the previous several blogposts happen to be somewhat boring... My partner and i miss your current great writing. Earlier several blogposts are merely a bit beyond observe! - Florist Tangerang

People and negotiators are so careful nowadays especially if it is a public content and matter. There is no surprise is that; a published material is so tightly concerned with the mortgage business party. Because if there are flaws in the settlement, that means public will make them pay.
http://rosie.besaba.com/alfamart-official-partner-merchandise-piala-duni...
http://maskodoq.blogspot.com/2013/07/CiptoJunaedy.html
http://maskodoq.blogspot.com/2014/03/unit-link-terbaik-di-indonesia.html
http://etnisjawa.blogspot.com/2013/08/apakah-cipto-junaedy-bohong.html
http://rosie.besaba.com/situs-online-terbaik-terpercaya/

I’ve been surfing online more than 3 hours today, yet I never found any interesting article like yours. It is pretty worth enough for me. In my opinion, if all site owners and bloggers made good topic as you did, the net will be much more useful than ever before.

You can read nice news http://arentin.blogspot.com/2014/02/unit-link-terbaik-di-indonesia-commo... Unit link terbaik di Indonesia Commonwealth Life investra link , also don't forget go to vital info http://arentin.blogspot.com investra link also nice info http://www.postingku.com Cipto Junaedy also info http://arisnbw.blogspot.com/2013/10/ciptojunaedy.html Cipto also nice post http://arentin.blogspot.com/2013/05/cipto-junaedy.html Cipto also vital post http://www.aa-gallery.co.id kerajinan tembaga also vital post http://www.aagallery.co.id tembaga.

The process of elimination is very important. There are many factors that can cause a person to be in this position. led track light

All the problems of the world could be settled easily if men were only willing to think. The trouble is that men very often resort to all sorts of devices in order not to think, because thinking is such hard work.
http://hargasony-id.blogspot.com/2014/07/hosting-unlimited-dan-domain-mu... AND http://hargasony-id.blogspot.com/2014/07/vizzyus-safety-url-monetize.html
http://hargasony-id.blogspot.com AND http://arbnew.blogspot.com/
http://fb.me/2nvGcPdzH gudangpoker
http://fb.me/2pTZGdVrG saranapoker
http://fb.me/38wdA8PG7 bundapoker
http://fb.me/3a5cT36FS nagalaut

Excellent and decent post. I found this much informative, as to what I was exactly searching for. Thanks for such post and please keep it up.

minecraft free account

bagaimana agen casino sbobet terpercaya http://bandar365.com agen judi taruhan bola

My friend mentioned to me your blog, so I thought I’d read it for myself. Very interesting insights, will be back for more!
Mable Drake

Elimination process will usually take a lot of time. There are quite a lot of considerations that must be made by the jury. gp firearms TX

There are many people who can choose a process of elimination by itself. Everyone can find a good deal of consideration in this process. http://www.premiumseocompany.net/seattle-seo-company.asp

Pretty good post. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Any way I

flappy

When you have to do the elimination, then make sure you do it in a good way. This was done to avoid mistakes in the process. http://www.palmabrava.com/

The process of elimination is going to take time. There are many considerations that must be done by a really thorough and meticulous. http://www.scandidivers.com

The process of elimination will make many people sad. You should really decide the course properly before making a mistake. bear hunts, click here

wow, great, I was wondering how to cure acne naturally. and found your site by google, learned a lot, now i’m a bit clear. I’ve bookmark your site and also add rss. keep us updated.
dofollow backlinks

Duplicate content affects brand creditably, creates negative user experience and affects search engine rankings and domain authority. So if you want to get good traffic from Search engines then only publish unique content on your website and say no to duplicate content. http://yoobooy.com/kontes-seo/domino-online-terpercaya-indonesia.html
http://yoobooy.com/kontes-seo/senang.html
unit link terbaik di Indonesia Commonwealth Life investra link http://sooboos.com/asuransi/unit-link-terbaik-di-indonesia-commonwealth-...
Cipto Junaedy http://sooboos.com/property/cipto-junaedy-pemberi-rumah-gratis.php
http://sooboos.com/property/cipto-junaedy.php
http://travelpulautidung.net
http://travelpulautidung.net/memancing-di-pulau-tidung-kepulauan-seribu/
http://agen365.net

Doing elimination is a difficult thing. Usually there are many considerations that should really be thought out very well be it. http://www.sitesteer.com/category-128-b0-b-Lace-Wigs.html

It's my honor to have the chance to post my comment here to stand by your article and express my happiness to see your post.The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 gives CFPB authority to ban mandatory arbitration after conducting a study. That's an important responsibility because a series of Supreme Court decisions has increasingly upheld the right of firms to insert arbitration clauses to limit consumer legal rights, going so far as to limit longstanding state law rights for consumers to band together in class actions. Thanks for your introduction.This was an excellent post. It has some valuable info on this topic. Thank you for compiling it into an easy to read and well written post..
Cheap Revenge Season 2 DVD|NCIS Seasons 1-10 sale |The Vampire Diaries Season 4 DVD | The Walking Dead Season 3 DVD

I agree with your blog and i will be back to check it more in the future so please keep up your work. michael kors outleti love your content & the way that you write.
judi bola

Your website is excellent with so many useful blogs which are helpful to me.I hope there will be more people finding the site and the articles they need.The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 gives CFPB authority to ban mandatory arbitration after conducting a study. That's an important responsibility because a series of Supreme Court decisions has increasingly upheld the right of firms to insert arbitration clauses to limit consumer legal rights, going so far as to limit longstanding state law rights for consumers to band together in class actions. When a company knows you can't take it to court, why should it care what you think or how it treats you?Yes,i support you.This post is so informative and makes a very nice image on the topic in my mind. Its really nice to know about Musopoly game. It is the first time I visit your blog, but I was extremely impressed. Keep posting as I am gonna come to read it everyday!

Southland Seasons 1-4 DVD|Southland Seasons 1-5 DVD Sale |Supernatural Seasons 1-7 DVD | Cheap Supernatural Season 8 DVD|Boardwalk Empire Season 3 DVD

Improves breathing difficulties - Nopalea can improve breathing difficulties caused by the dreaded asthma and different kinds of allergies. http://nopaleasup.newsvine.com/_news/2013/05/13/18231517-buying-speedbuy...

It was great to see the old printshop and everyone who works there again. I am excited to see a printing business still operating and growing, great job guys
The Top mattress brands

I have recently started a blog, the info you provide on this site has helped me greatly. There is obviously a lot to know about this. I think he did some good things in features also. Keep working, great job! Thanks for a very interesting blog. What else can I get that kind of information written in such a perfect approach? I have a company that I"m simply now operating on, and I"ve been on the look out for such information.
http://www.seoedan.com/2014/03/bisnis-online-dan-peluang-usaha-terbaik.html
http://goo.gl/6Du9vL
http://www.seoedan.com/2014/04/itudomino.html
http://goo.gl/5Rw9kG
http://goo.gl/NvDCfi
http://www.seoedan.com/2014/04/globalbola.html
http://goo.gl/Bv5HNP
http://www.seoedan.com/2014/04/ligadaun.html
http://goo.gl/rWpFgu
http://goo.gl/LTwuVQ
http://puanguerraagoraenoticia.blogspot.com/2014/03/abcbolacom-agen-judi...
http://lashoraslentas.blogspot.com/2014/04/ligadauncom-agen-taruhan-bola...
http://www.seoedan.com/2014/03/bisnis-online-dan-peluang-usaha-terbaik.html

http://www.bloggershopping.com Jewelry gives you that classy and sophisticated look especially if you make it complement and blend well with whatever you choose to wear. Whether it for a wedding or for that special occasion, it will completely change your look.

http://www.customdraperyandhomefashions.com Many people are fervent when it comes to the subject of jewelry, whether it concerns them or someone they love. It’s good to know a little bit about jewelry, especially since there are so many types, ways to wear jewelry and so many ways to care for jewelry pieces.

I read this article. I think You put a lot of effort to create this article. I appreciate your work. The Top mattress brands

Hrmm that was weird, my comment got eaten. Anyway I wanted to say that it's nice to know that someone else also mentioned this as I had trouble finding the same info elsewhere. This was the first place that told me the answer. Thanks. Perbandingan kamera smartphonePanduan optimasi software

Once I thought about things like: why such information is for free here? Because when you write a book then at least on selling a book you get a percentage. Thank you and good luck on informing people more about it!
backlinks

Elimination is a very difficult job. Usually there will be many people who do not care about this process and what matters is the result. advocacy website for Probate Attorney Law

wow, great, I was wondering how to cure acne naturally. and found your site by google, learned a lot, now i’m a bit clear. I’ve bookmark your site and also add rss. keep us updated.
buy facebook likes cheap

I would like to get started on a blog/online diary, but not sure exactly where to start..

|

Get Free instructions on our web Inclusion Instruction related to study, Training, and courses.

This article writes very well. It is very clearly. I am so excited that I have found your post because I have been searching for some information on this for almost three hours! You've helped me a lot indeed and by reading this article I have found many new and useful information about this..SEO Leeds

Payment protection products generally only "promise" to pay your minimum balance, and then only for a year, if you are cisco 350-030 passing score laid off, disabled, sick or otherwise unable to pay your card. Consumer advocates receive numerous cisco 350-030 passing score complaints that banks find loopholes or cisco 350-030 passing score exceptions allowing them to refuse to make even these modest minimum payments in most cases. Payment protection costs a lot but is of little value.

I would like to get started on a blog/online diary, but not sure exactly where to start. source: Android APK

Anybody catches this interest. It believes me like We’re the an individual who writes your content and never the blogger in the least. By plenty of time I’m just about finish looking through, I’m expecting extra sentences to read simple things but them finds people out we am nearer to your end. We’re very a great deal excited to read simple things new article made by this page. royalty free images

It's a brilliant blog post,i have found some of very useful information from it. coursework help by courseworkpoint.co.uk

Pages

Priority Action

The overuse of antibiotics on factory farms is threatening the effectiveness of lifesaving antibiotics. Call on the Food and Drug Administration to put an end to the worst practices.

Support Us

Your donation supports U.S. PIRG’s work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.