Class actions against payday lenders reveal just exactly exactly how Concepcion has been utilized to gut state customer security legislation

Class actions against payday lenders reveal just exactly exactly how Concepcion has been utilized to gut state customer security legislation

By Paul Bland, Senior Attorney

Couple of years ago, the U.S. Supreme Court, because of the typical vote that is 5-4 determined in AT&T Mobility v. Concepcion that the Federal Arbitration Act calls for courts to enforce formerly unlawful agreement terms banning customers from joining together to sue companies that cheat them.

Just how has this choice really impacted consumers? A number of situations in Florida involving lenders that are payday just just just how devastating it is been.

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