New Bank Loan Regulations on Arbitration Clauses Earlier this month, Richard Cordray, Director of the Consumer Financial Protection Bureau, announced a new set of rules concerning arbitration clauses in bank loans. The new regulations would not eliminate all arbitration clauses, but it would eliminate clauses that made it impossible for victims to form class action […]
To Arbitrate Or Not To Arbitrate, That Is The Question The Consumer Financial Protection Bureau has issued a new rule that would ensure consumers to bring class-action lawsuits against banks instead of being forced into private arbitration. This rule has been years in the making. It would not ban all arbitrations just those that block […]
Suppose an arbitration award is based on the arbitrator’s erroneous understanding of the law. Then you appeal the award and get it reversed, right? Probably not. Courts are extremely reluctant even to hear appeals of arbitration, much less to reverse them. A recent Federal Court case ( Sotheby’s International Realty v. Relocation Group, U.S. Court […]
In today’s world we are asked to make this one decision all the time. In case of a problem do we want to arbitrate or go to court? This happens all the time in medical offices, credit card applications, real estate purchase agreements, and probably soon in our homes with our spouses and children. Read […]
The Summer 2014 issue of the Real Estate Bulletin, produced by the California Bureau of Real Estate, announces that the Bureau has finalized its authority to issue citations and assess fines without first going through a lengthy, and sometimes expensive, process of administrative hearings. The details of the “cite and fine” program can be found […]
The residential real estate business is quite competitive, and it is no surprise that from time to time disputes between agents rise to a level that calls for formal arbitration. One of the most common real estate arbitration themes has to do with claims to a commission. Generally this involves agents who have worked with […]
