The Consumer Law and Policy Blog recently called our attention to the fact that the National Arbitration Forum (NAF) is making a concerted effort to influence public policy in a way that could further diminish the rights of consumers who have arbitration awards entered against them.
Debt collectors and debt buyers frequently take advantage of private “arbitration” in order to avoid the costs and risks of litigation against consumers who allegedly owe debts to them. For more information about the “rigged game” of arbitration, please see this excellent post by Brett Weiss.
As indicated by Mr. Weiss, private arbitration conducted by the companies like NAF is unfair to consumers who have legitimate beefs regarding alleged debts that third party debt collectors attempt to squeeze out of them. The fact that NAF is attempting to reduce judicial scrutiny of arbitration awards once they are entered, regardless of how unfair they may be, demonstrates just how repugnant the traditional American system of justice is to these marauders.
