California lawmakers are working toward eliminating the ability of banks to bully consumers into arbitration following fraud on behalf of the financial institution. Did you know this was even a concern? That banks were actually allowed to force victims (their clients) into arbitration to avoid justice?

Well, due to the work of petitioners and consumer-rights advocates lawmakers have listened. Instead of filing class action lawsuits against the financial institution, which let’s face it, just puts lots of money in the attorney’s pockets…individual lawsuits could be legalized.

It is our right to a fair trial, correct? It’s our constitutional right for someone who offended us, stole, etc., to be prosecuted by the law.

Why has it taken this long for this topic to be broached?

Following last years Wells Fargo Scandal has led lawmakers to revising this legislation.

Insurance Journal Full Article

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