The new CFPB arbitration rule is about to kick in and it really hurts consumers.
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Another bogus statement by the NREP Boyz. The rule does NOT take away the arbitration option. Consumers a free to agree to this option at any time. It eliminates MANDATORY arbitration which has been shown to be biased in favor of the corporations by the same study you are quoting. You have completely misread the study, and seem to be parroting the USCOC lobby talking points. Shame.
JULY 14, 2017
I WATCH YOU GUYS ALL THE TIME AND THOUGHT YOU WERE GREAT UNTIL THIS VIDEO ON ARBITRATION.
BOY HAVE YOU BOUGHT INTO THE ARBITRATION COMPANIES MANTRA.
IT IS NOT CHEAPER AND IT IS NOT FASTER. THAT IS THE MYTH.
IF YOU WANT TO KNOW HOW IT REALLY WORKS FROM A REAL ESTATE BROKER OF 49 YEARS?
JUST READ THIS WEB SITE AND YOU WILL SOON REALIZE THAT THE “STUDIES” YOU REFER TO ARE 95% DONE BY ARBITRATION COMPANIES.
AND THE RULE CHANGE YOU ARE BASING THIS VIDEO ON DOES NOT REMOVE THE OPTION FOR CONSUMERS TO OPT FOR ARBITRATION.
IT IS ACTUALLY TRYING TO BLOCK THE BANKS FROM “FORCING” THE CONSUMER, LIKE ALL OF UNITED STATES BUSINESS OPERATORS ARE DOING TO THE CONSUMERS RIGHT NOW.
FORCED-BINDING ARBITRATION IN EVERY PUBLIC CONTRACT.
IF YOU DON’T BELIEVE ME JUST READ THE LOAN DOCUMENTS ON YOUR OWN HOME LOAN – YOUR DIRECT TV BILL – YOUR SPRINT BILL – YOUR AT&T BILL
AND ON AND ON AND ON.
http://WWW.ARBITRATIONSTOPIT.COM
DON
YOU DIDN’T POST MY COMMENT FROM YESTERDAY REGARDING YOUR ARBITRATION STORY. WHY?
This is not what I have understood was the case. You are dealing with companies that will jump from 0% to 29.99% with one missed payment. They are built for the consumer to fail. They have had some nasty strategies to take a lot of people’s money. They have made billions implementing these strategies. The strategies are nothing short of predatory. This is just more CPFB bashing. Some justified but, I think you got this wrong.