The National Association of Consumer Advocates (NACA) and the National Consumer Law Center (NCLC) (on behalf of its low-income clients) urge you to sign our petition below to tell five of America's biggest banks to stop hiding behind forced arbitration clauses that block consumers from going to court to enforce their legal rights.
Sign this Petition Demanding Wall Street Stop Forcing Consumers to Give Up Their Rights
Wall Street banks, JP Morgan Chase, Citigroup, Wells Fargo, US Bancorp and PNC Financial, have been granted a license to steal and violate the law. It's called forced arbitration. Buried in the fine print of many bank and credit card contracts are dangerous forced arbitration clauses that eliminate access to justice and replace it with a secretive tribunal designed to favor Wall Street. Customers are forced to plead their cases to a private arbitrator who doesn't even have to follow the law. The arbitrator's decision is almost impossible to appeal, and any evidence of corporate wrongdoing conveniently remains secret. Let's put these banks on final notice to stop forced arbitration!
Sign this Petition to Revoke Big Banks Right to Steal
We encourage you to forward this petition widely. Please share with colleagues, clients, friends and family. Be sure to check out NACA's webpage to learn more about our petition with the Fair Arbitration Now Coalition and Americans for Financial Reform urging the five biggest banks using forced arbitration to remove the provisions from their customer contracts: http://www.naca.net/issues/forced-arbitration/revoke-big-banks-license-steal. This petition has received over 60,000 signatures so far. It is meant to broaden awareness of banks' use of forced arbitration before the CFPB releases its final arbitration study. NACA's webpage also includes a link to send a message to Congress about forced arbitration.
Thank you for supporting our advocacy efforts.
Sincerely,
Ellen Taverna
Ellen Taverna
Legislative Director
National Association of Consumer Advocates (NACA)
1730 Rhode Island Avenue, NW, Ste. 710
Washington, DC 20036
(202) 452-1989 ext. 109
Ellen@consumeradvocates.org
www.consumeradvocates.org
"Let's live on the planet as if we intend to stay."
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