"That's why we have introduced the Arbitration Fairness Act, which has been co-sponsored by 16 Democrats in the Senate and another 74 in the House. Our legislation doesn't ban arbitration. If both parties want to arbitrate instead of going to court, they can. But you would get to make that decision after a dispute arises. Corporations wouldn't be able to force you to preemptively waive your right to go to court or pursue a class action -- often your only real avenue for holding these giant companies accountable.
Congress isn't the only place where we can level the playing field. Earlier this month, the Consumer Financial Protection Bureau (CFPB) announced it was considering a proposal to ban arbitration clauses that block class action lawsuits in consumer financial contracts. While we would like to see the CFPB go further and eliminate the use of forced arbitration clauses altogether in consumer financial service contracts, this proposed rule would be a big win for consumers." Tick-Tock ITT, once we can do a class action your ass is toast. The time is coming soon. http://www.huffingtonpost.com/al-franken/youre-getting-ripped-off_b_8514066.html