By Paul Bland, Senior Attorney
2 yrs 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 contract terms banning customers from joining together to sue organizations that cheat them.
Just how has this decision really impacted consumers? A few instances in Florida involving payday loan providers shows just just just how devastating it is been.
In Florida, making that loan by having an interest that is annual above 45 per cent is recognized as “loan sharking, ” and it is a criminal activity. ادامهی خواندن