Quote:
Originally Posted by retiredguy123
It I were an arbitrator, I would be fair to both sides, regardless of who was paying me. Isn't that their job?
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Yes, but corporations know which arbitrators tend to favor banks vs consumers. Just like prosecutors know which judge to use, and political parties know which judge to elevate to the higher courts. Being fair doesn't mean not having a clear tendency. Find in favor of the consumer and we won't use you again. No need to say it, it is understood. The consumer will never likely need to hire an arbitrator again, but the corporation will. And it pays well. So on a 50/50 case which side might an arbitrator rule even on a subconscious basis. Got to pay the bills.