Schwab Drops Anti-Investor Provision

Brokerage firm, Charles Schwab, announced on April 24th that as part of a settlement with the Financial Industry Regulatory Authority, Inc. (Finra), Charles Schwab would drop a provision in its consumer agreement that eliminated customers' rights.

We are encouraged by Charles Schwab's decision to remove a controversial provision from its consumer agreement that eliminated the rights of investors to join together to seek accountability in court. Charles Schwab's move signals that corporations are beginning to yield to the groundswell of public outrage at their anti-consumer policies.

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Victory for Consumer Rights: General Mills Drops its Forced Arbitration Clause

General Mills announced on April 19, 2014 that it removed a forced arbitration clause in its terms of service. Forced arbitration is an abusive practice where corporations force customers into a dispute mill that is rigged and secretive.  The corporations pick the arbitrator and the arbitrator's decision is final - you have no ability to appeal or ever go to court.

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Apr 01, 2014 10:00 AM

The Strip Mining of Legal Rights

In the latest edition of Trial magazine, Ralph Nader and Theresa Amato discuss how the fine print in standard form contracts is undermining tort law, and it is not limited to mandatory arbitration. Read more here.

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Mar 26, 2014 08:56 AM

GM IGNITION SWITCH DEFECT LAWSUITS ON THE RISE

This week's Motor Vehicle Law Reporter takes a look at the lawsuits that have piled up against GM. As the probe into GM’s recall of about 1.37 million U.S. passenger cars for a deadly ignition switch defect continues, families who previously thought their loved ones died in accidents caused by driver error are filing lawsuits alleging the defect was to blame.
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