American Arbitration Association deceives again.
The American Arbitration Association while talking to Congress about the abuse of mandatory binding arbitration claims they are leaving the debt collection industry. Sort of. According to creditcards.com : That group's senior vice president, Richard Naimark, testified Wednesday before a congressional subcommittee that is examining the controversy . [more...]
Date: 2009-07-24 14:31:00
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New Issue: American Review of International Arbitration
The latest issue of the American Review of International Arbitration (Vol. 17, no. 3, 2006) is out. Contents include: Martin Davies, Court-Ordered Interim Measures in Aid of International Commercial ArbitrationKaren Halverson Cross, Arbitration as a Means of Resolving Sovereign Debt [more...]
Date: 2008-06-23 17:40:58
News of the Weird: Snuffleupagus-eyes are all the rage
LEAD STORY: Breakthroughs in Eye Hair: The pharmaceutical company Allergan has introduced eyelash-thickener Latisse, a $120 per month prescription “medication” to help a woman overcome feelings of inadequacy if she suffers from scrawny lashes. Alternatively, eyelash transplants are now available in the U.S. and Britain, originally developed to restore lashes for burn victims, but, according to the American Academy of Cosmetic Surgery, now to market to women dissatisfied with their own (at about $6,000). [more...]
Date: 2009-09-11 14:20:03
Wall Street Breakfast: Must-Know News
BoA to consumers: Feel free to sue... Bank of America ( BAC ) is dropping a requirement that forced consumers with disputes on credit cards or other accounts to enter into arbitration. The move, which comes as the government pushes for stronger consumer financial protection, is considered a win for consumers, as many faulted the arbitration process for being biased. Consumers will now be able to file lawsuits directly against the bank if they suspect unfair or illegal practices. [more...]
Date: 2009-08-14 11:15:44
How to Research Debt Collectors & Understand the Law
This is the first guest post in a special How to Fight Debt Collectors series on Bargaineering.com. So you’ve received a debt collection call or letter… In this day and age where you have rampant foreclosures, layoffs and job losses, it is simply inevitable that an individual may come across a debt collector, and frankly even without these external factors, it may just happen by a chance wrong number or even being related to someone going through a hard time financially. [more...]
Date: 2009-09-28 11:02:18
Good news for credit card users
Finally, some happy news for credit card holders. Late last week, Bank of America announced it will no longer require customers who sign up for their credit cards, bank accounts and certain loans to give away their right to sue in a dispute. Bank of America’s decision is the biggest yet in a growing movement away from mandatory arbitration clauses, which force consumers who have a problem with a service provider into private arbitration forums to settle disputes. [more...]
Date: 2009-08-17 20:47:35
Drumbeat: August 27, 2009
Happy 150th, Oil! So Long, and Thanks for Modern Civilization One hundred and fifty years ago on Aug. 27, Colonel Edwin L. Drake sunk the very first commercial well that produced flowing petroleum. The discovery that large amounts of oil could be found underground marked the beginning of a time during which this convenient fossil fuel became America’s dominant energy source. But what began 150 years ago won’t last another 150 years — or even another 50. [more...]
Date: 2009-08-27 13:55:10
D.C.’s Taxicab Confessions: Loose Lips Daily
As much local politics as humanly possible. Send your tips, releases, stories, events, etc. to lips@washingtoncitypaper.com . And get LL Daily sent straight to your inbox every morning! IN CASE YOU MISSED IT—’ Jim Graham Postpones Hearing on Taxicab Bill ‘; ‘ Majority of Voters Polled Disapprove of Fenty ‘ Morning all. More details trickled out this weekend on the investigation that led to the Ted Loza arrest. [more...]
Date: 2009-09-28 16:06:44
FTC Meeting To Discuss Collection Litigation And Arbitration
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!by Jonathan SummersThe Federal Trade Commission shall host a round-table to discuss debt collection and arbitration practices Aug. 5 and 6 at the Thorne Auditorium, Northwestern School of Law, in Chicago.The round-table follows up on the FTCs February 2009 report Collecting Consumer Debts: The Challenges of Change ” A Workshop Report, which favored that the debt collection regulatory system in the U.S. [more...]
Date: 2009-08-02 07:29:43
The American Arbitration Association Gives Up Consumer Debt Collection Disputes as Well
See the Wall Street Journal article Credit Card Disputes Tossed into Disarray on NAF's settlement with the State of Minnesota and the AAA's decision to "stop participating in consumer-debt-collection disputes until new guidelines are established." Here's the entire text of the triple A's announcement (h/t to Disputing here ) The American Arbitration Association® Calls For Reform of Debt Collection Arbitration Largest Arbitration Services Provider Will Decline to Administer [more...]
Date: 2009-07-22 04:32:24
Wall Street Breakfast: Must-Know News
Skype to get new owner. eBay ( EBAY ) is expected to announce this morning that it has reached a deal to sell its Skype unit to a group of private investors. The investment group likely includes new venture capital firm Andreessen Horowitz, as well as early Skype investor Index Ventures and private-equity firm Silver Lake Partners. The price of the deal is still unknown, but eBay has said previously that it wants around $2B for Skype. Shares +2% premarket (7:00 ET). [more...]
Date: 2009-09-01 11:18:59
Drumbeat: September 24, 2009
The population delusion THINK of the biggest crowd you've ever been in - perhaps 50,000 in a sports stadium. Just 6 hours from now there will be that many more people in the world, and another 50,000 in the following 6 hours, and on and on... No wonder that the burgeoning human population is often seen as is the single biggest problem facing our world. There are nearly 7 billion humans alive today, twice as many as there were in 1965, with 75 million more being added each year. [more...]
Date: 2009-09-24 14:05:51
Jagdeo’s tenure
Bharrat Jagdeo’s elevation to the presidency ten years ago was widely welcomed. There were hopes that the seventh president would restore national unity and faith in the future. What happened? A decade in office In the beginning, Bharrat Jagdeo’s conciliatory gestures, youthful ardour and openness promised to resolve the ancient feuds between the People’s Progressive Party-Civic and the People’s National Congress-Reform. [more...]
Date: 2009-08-20 09:17:31
The Crash - What Went Wrong
When the housing market began to tank in 2005, Wall Street ran through the yellow light of caution and created even riskier investments -- and ... that no government regulator scrutinized.With these deals, known as collateralized debt obligations ... during the past seven years, earning him status as an early prophet of the credit crisis.So many [more...]
Date: 2008-12-16 16:02:00
Credit Card Arbitration Clause Latest Challenge for Issuers
This is a guest post by Bill Hardekopf, CEO of LowCards.com . The arbitration clause, an important but often overlooked provision in credit card agreements, is now being legally challenged and could be banned by the proposed Consumer Protection Agency. How this is resolved could result in higher legal costs for credit card issuers and, likely, higher rates and fees for cardholders. Credit card issuers use arbitration as a way to collect disputed debt from cardholders. [more...]
Date: 2009-07-24 12:00:01
The end is near for mandatory binding arbitration.
The end is near. The abuse of arbitration is going to stop in the near future. Here is one major step towards that. From Business Week : After coming under increasing fire for bias towards major credit-card companies, the nation’s largest arbitration firm involved in adjudicating delinquent credit-card debt has agreed to pull out of the business, Minnesota Attorney General Lori Swanson disclosed on Sunday, July 19. [more...]
Date: 2009-07-19 20:49:00
Bogus and Scam Credit Counseling Groups Become Target Of Florida Legal System
TALLAHASSEE, FL - Attorney General Bill McCollum today unveiled his office’s latest consumer protection initiative in the form of a coordinated ... , all of which were purportedly offering debt relief services including credit counseling, credit repair, debt management, and credit card rate reduction services. “As more Floridians facing financial [more...]
Date: 2008-10-21 05:39:01
FTC To Discuss Collection Litigation And Arbitration At Meeting
by Jonathan Summers The Federal Trade Commission will host a round-table to discuss debt collection and arbitration practices Aug. 5 and 6 at the Thorne Auditorium, Northwestern School of Law, in Chicago. The round-table follows up on the FTCs February 2009 report Collecting Consumer Debts: The Challenges of Change ” A Workshop Report, which recommended that the debt collection regulatory system in the U.S. should be reconstructed and brought up to date. [more...]
Date: 2009-08-02 07:27:00
Credit card crackdown coming soon!
The Fed is set to vote Thursday on a number of key protections for credit-card customers. Issue #1: America’s Money Crisis Oh Gee, Wow! ... to get out of the spiraling clinches of “Credit Card Hell” and take back your credit worth reputation. This is NOT– Debt Consolidation, Debt Settlement, Arbitration or Credit Consumer Counseling. Don’t even [more...]
Date: 2008-12-18 01:12:11
FTC To Discuss Collection Litigation And Arbitration At Meeting
FTC To Discuss Collection Litigation And Arbitration At Meeting by Jonathan SummersThe Federal Trade Commission shall host a round-table to discuss debt collection and arbitration practices Aug. 5 and 6 at the Thorne Auditorium, Northwestern School of Law, in Chicago.The round-table follows up on the FTCs February 2009 report Collecting Consumer Debts: The Challenges of Change ” A Workshop Report, which favored that the debt collection regulatory system in the U.S. should be changed and renewed. [more...]
Date: 2009-08-02 07:24:33
Thursday wrap
Bam's New Deal exposed: Pay-to-Play ... It is also true that the arrest was timed to prevent Blagojevich from carrying out his threat to suspend all transactions of the state with Bank of America, which he had announced the day before. But I want to call attention to another important aspect of the arrest. It was directed against Barack Obama [more...]
Date: 2008-12-18 11:30:00
From Russia: Press Conference by Putin on Ukraine Blackmail Over Gas!
Vladimir Putin: Russia, and the Soviet Union before, has been cooperating with Europe in the gas sphere for decades ... with Ukraine’s gas debt and has given full assistance to its partners in seeking solutions for paying off this debt. A little later I’ll tell you what additional offers we made. In the course of negotiations [more...]
Date: 2009-01-09 07:35:00
The Year in Poker: January, 2008
From a big score down under to business deals and international trade battles, January of 2008 was a fair harbinger for what the year would bring ... ’s Alexander Kostritsyn, who broke into an ear-splitting grin after besting American star Erik ... another $10.7 billion in existing Harrah’s debt. The structure of the buyout, it would later develop [more...]
Date: 2008-12-20 17:09:59
FTC Meeting To Discuss Collection Litigation And Arbitration
FTC Meeting To Discuss Collection Litigation And Arbitration by Jonathan SummersThe FTC are to host a round-table to discuss debt collection and arbitration practices Aug. 5 and 6 at the Thorne Auditorium, Northwestern School of Law, in Chicago.The round-table follows up on the FTCs February 2009 report Collecting Consumer Debts: The Challenges of Change ” A Workshop Report, which recommended that the debt collection regulatory system in the U.S. should be reconstructed and brought up to date. [more...]
Date: 2009-08-02 07:23:52
Brophy on Applied Legal History: Demystifying the Doctrine of Odious Debt
Al Brophy, University of North Carolina, has a great post up today at Faculty Lounge. With his permission, I am cross-posting. Here's Al:Amidst all the talk of probate in the old South, I've been meaning to talk about another paper that Sarah Ludington and Mitu Gulati and I have up, "Applied Legal History: Demystifying the Doctrine of Odious Debts." The short version here is that Sarah and Mitu have previously written about the historical "origins" of the doctrine of odious debt. [more...]
Date: 2009-08-01 18:09:00
Tariffs, Arbitration and price-fixing – class struggle or intra-capitalist settlement?
by Humphrey McQueen[The following text appeared in “The Review” section of the Australian Financial Review, 2 November 2007, pp. 6-8. I have added footnotes to identify sources and to indicate how the demolition of “the Settlement” ... about “the Australian Settlement”.Paul Kelly re-branded a cluster of topics to open his 1992 book, The End [more...]
Date: 2009-01-01 05:04:37
Jeff Adams Wins At US Nationals
After an almost two-year fight to clear his name, Jeff Adams won the US Nationals in Arizona this past weekend ... minutes and eight seconds). The US Nationals was an open event to non-American athletes. “I really don ... an enormous effort.” Adams recently won a landmark decision from the Court of Arbitration for Sport [more...]
Date: 2008-06-16 04:21:43
The Curious Case of Ecuador’s Default – And Why It Matters
Thomas Trebat | RGE Monitor, Jan 8, 2009 One of the questions concerning Latin America in 2009 is whether or not the region will be plunged into yet another dismal round of debt defaults as commodity prices stay low and foreign capital ... birth to the term “serial defaulter”, Ecuador’s mid-December decision to default on its bonded debt [more...]
Date: 2009-01-10 04:53:00
Mandatory Arbitration May Be Going Away
You may be unaware of it but, whenever you signed up for a credit card, you also signed an agreement between you and your credit company giving them immunity from any lawsuit coming from you. The only way you could get any disagreements between you and your credit company to be settled would have been through an arbitration company.Fortunately, it seems that arbitration as a settlement option is on the way out. [more...]
Date: 2009-08-20 03:16:37
Introduction to this astounding history by T. W. Hughes
Or do you think you don’t need to know how the Money Power came to be our masters using puppet presidents? ... to get to the real cause of the problem — an economic system designed to enslave people with debt, taxes (indirect debt), prison labor, ”national service” servitude and maintain them measured rations [more...]
Date: 2008-12-01 13:36:38
I Hate To Worry About Money. Do You?
One of the things I’ve learned in life is that it doesn’t matter how much you make or have in the bank, ... like I had failed as a father and husband, I was afraid of my creditors, afraid of the debt collectors ... can seem less important. I wish there was a self-help guide that someone in debt could hand [more...]
Date: 2008-09-03 14:19:09
Would You Like More Credit Card Rights If It Means Credit Cards Are More Expensive?
This week I asked the Personal Finance Bloggers Brain Trust the following question and as always, the answers are thoughtful and insightful ... writes two excellent blogs, Cash Money Life and the Military Finance Network. Current credit card ... for a financial bailout they are condemning the ‘Credit Cardholders’ Bill of Rights. The American Bankers [more...]
Date: 2008-10-07 19:53:37
NCO settles with Texas: failure to validate, ignoring cease & desist, profanity, extortion …
Permalink Page 1 of 445 pages 1 2 3 > Last » Search CreditSuit ... How to save $40 on home owners insurance + free credit monitoring Need website to post information ... lawsuit threats Debt Crisis Solutions SCAM—should the profiteers or the hungry thieves be murdered [more...]
Date: 2008-12-08 21:35:00
Wednesday wrap
SEIU radioactive? ... The reported ties between Illinois Gov. Rod Blagojevich and the nation's largest labor union continue to be ad fodder for organizations wary of a pro-labor agenda item that looms as one of next year's brewing legislative showdowns. The pro-business issue group, Americans for Job Security (AJS) [more...]
Date: 2008-12-17 11:30:00
1927 COHA Report, Trade’s Trade Offs
Trade’s Trade Offs Introduction Adam Smith and David Ricardo’s theories regarding the potential positive effects of free international trade are ... which Latin American countries might pursue a different generation of development strategies, which ... and presented under the premise that Latin American countries should not effectively be restrained [more...]
Date: 2008-10-24 01:29:21
Trado opportunities for mortgage brokers and Alex Jones fans
Permalink Page 1 of 444 pages 1 2 3 > Last » Search CreditSuit ... + free credit monitoring Need website to post information where it can NEVER be deleted Video ... My new blog at Trado—Phillips & Cohen collection lawsuit threats Debt Crisis Solutions SCAM— [more...]
Date: 2008-12-06 06:23:00
Pokery Presidential PoliticsProp-betting for a better future
Sorry I’ve been a little out of pocket in recent days weeks months. But I got kinda hooked on election coverage. Dammit, promised myself four years ago that I wouldn’t get caught up in the BS-laden pre-election horse race coverage, but instead ended up making the biggest prop bet of my life about a month ago — $1,000 on Barack Obama [more...]
Date: 2008-11-02 05:34:53
FTC Meeting To Discuss Collection Litigation And Arbitration
by Jonathan Summers The FTC are to host a round-table to discuss debt collection and arbitration practices Aug. 5 and 6 at the Thorne Auditorium, Northwestern School of Law, in Chicago. The round-table follows up on the FTCs February 2009 report Collecting Consumer Debts: The Challenges of Change ” A Workshop Report, which favored that the debt collection regulatory system in the U.S. should be changed and renewed. [more...]
Date: 2009-08-02 07:39:14
FTC Meeting To Discuss Collection Litigation And Arbitration
by Jonathan Summers The FTC are to host a round-table to discuss debt collection and arbitration practices Aug. 5 and 6 at the Thorne Auditorium, Northwestern School of Law, in Chicago. The round-table follows up on the FTCs February 2009 report Collecting Consumer Debts: The Challenges of Change ” A Workshop Report, which favored that the debt collection regulatory system in the U.S. should be changed and renewed. [more...]
Date: 2009-08-02 07:21:34
Credit Card Day of Reckoning This Thursday?
Most of us are painfully familiar of the tendency for credit card issuers to try and screw us in any and every way possible, ... card (like, say, your interest rate…) if you default on another, completely non credit card related ... all are expected to act on Thursday. Consumer groups say practices of credit card companies blindside [more...]
Date: 2008-12-15 03:05:04
Ecuador's Debt Default: Exposing a Gap in the Global Financial Architecture
Neil Watkins and Sarah Anderson | December 15, 2008 Editor: Emily Schwartz Greco Foreign Policy In Focus www.fpif ... people got stuck holding the bag. Over the years, the country has made debt payments that exceed ... reschedulings, conversions, and some further borrowing, Ecuador's debt has risen to more than $10 billion [more...]
Date: 2008-12-17 04:01:00
The Worker-Capitalist Con Wall Street Collapseand the Ownership Society
This is an excellent expose of the whole claptrap about the ownership society and the schemes for privatisation of social security ... American flags. It had the feel of a Macy’s holiday window designed by Karl Rove. I recalled a recent ... with the so-called profits; the little people own the losses; the next generation owns the bailout debt. This scheme [more...]
Date: 2009-01-02 14:42:00
SHAPIRO: The card-check deal
I recently received an email asking if we would be willing to post this guest commentary on EFCA - The Employee Free Choice Act - sometimes known as Card Check. This is the law that would allow unions to set up new unions without the use of a secret ballot. Worse is the insertion of Government into the arbitration process if the new union [more...]
Date: 2009-01-05 01:06:26
Chapter terms, etc, 2nd semester
SEMESTER TWO TERMS AND QUESTIONSHere’s the whole thing. CHAPTER 24 is DUE on the first day back from break!!Chapter 24, Industry Comes of Age, 1865-1900 Identify the historical significance of the following: Union Pacific Railroad___Central Pacific Railroad ____Big Four Collis Huntington______Thomas Edison________John P. Morgan Terence V [more...]
Date: 2008-12-19 20:42:34
The Winnowing: Dan Rosen
.fullpost{display:inline;}Dan Rosen's Rant Your Head Off predated us by a few days, but he was smart enough to avoid being daily, and to have a wider focus. The experience led to a book. The wisdom of being sporadic helped him avoid burnout, and the wider focus lets him evade the sell-by-date that came with our narrower interests [more...]
Date: 2008-12-30 19:00:00
Odebrecht in Ecuador: “The Risks of Privatized Diplomacy”
The Great Smoking Hole of December 2006, at the future Pinheiros Station, Yellow Line, São Paulo subway ... review of foreign debt bequeathed by past administrations, is reluctant to repay the BNDES loan ... diplomacy in the service of private business interests. To an expatriated American accustomed [more...]
Date: 2008-11-26 16:23:07
Quelle Surprise! Credit Card Companies Opposed to Proposed Regulation
Credit card companies, once having had Washington in the palm of its hand, is now facing a backlash as "gotcha" fees combined with a lot of Americans paying credit card rates that a generation ago would ... , a former loan shark, was in wonder of the credit card industry's practices. Said uncle did 15 years [more...]
Date: 2008-07-05 06:19:09
Views on the news 10/18/2008
Despite concerted efforts by the media to hide this information, Obama’s connections with the Communist Party have been unearthed by independent investigators, journalists and bloggers, like clockwork, Obama apologists and handlers are trying to assuage the public’s concerns with assurances that Obama is “not that radical; [more...]
Date: 2008-10-18 23:08:59
Views on the news 10/18/2008
Despite concerted efforts by the media to hide this information, Obama’s connections with the Communist Party have been unearthed by independent investigators, journalists and bloggers, like clockwork, Obama apologists and handlers are trying to assuage the public’s concerns with assurances that Obama is “not that radical; [more...]
Date: 2008-10-18 23:08:59
Primary care shortage exists
By MICHAEL McAULIFFE http://www.masslive.com The combination may not yet be lethal, but a shortage of doctors in Massachusetts, coupled with more physicians practicing “defensive medicine” out of fear of being sued, is clouding the state’s landmark health-care reform effort [more...]
Date: 2009-01-05 20:54:34
