Quote:
Originally Posted by retiredguy123
I don't understand everything that this law affects, but, if it prevents lawyers from filing a class action lawsuit "on my behalf" where the lawyers make millions, and I get almost nothing, then I may be in favor of it.
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It prevents you from hiring a lawyer to sue the bank at all. If you have a beef with the bank, you have to go before one of THEIR arbitrators to fight it out. Since the arbitrator is on the bank's payroll, how do you think that will end?