On July 12, 2010, the Federal Trade Commission (FTC) issued recommendations on proposed reforms to debt litigation, including the process of arbitration. These recommendations were based on a 2009 report on the debt collection industry as a whole. Debt collectors frequently use the court process fraudulently in the following ways: Failing to properly notify consumers [...]
Entries Tagged as 'NAF'
FTC Recommends Changes in Debt Collection Litigation and Arbitration
July 13th, 2010 · 1 Comment · Debt Collection, Legal Stuff
Tags: Arbitration·arbitration forum·debt collection litigation·default judgments·FTC·FTC recommendations·garnishments·lawsuits·NAF·Settle Debts
J.P. Morgan Chase Halts Submitting Disputes to Arbitration
August 3rd, 2009 · No Comments · Credit Cards, Legal Stuff
On July 22, we reporting a lawsuit by the Minnesota Attorney General who sued the National Arbitration Forum (NAF). As result of the lawsuit, the firm essentially shut down for good. Now one of the big players in the credit card industry, JP Morgan Chase, has announced that they are halting the process of submitting [...]
Tags: American Arbitration Association·Arbitration·Credit Cards·Disputes·JP Morgan Chase·lower interest rates·NAF
Minnesota Attorney General Sues National Arbitration Forum
July 22nd, 2009 · 3 Comments · Debt Collection, Legal Stuff
In what looks to be a landmark win for consumers, the Minnesota Attorney General has filed a suit against the Minnesota-based National Arbitration Forum (NAF), also know as the FORUM. The FORUM handles mandatory credit card arbitration cases as well as collection agency arbitration hearings. We’ve written a number of pieces slamming NAF in the [...]
Tags: court trial·Credit card·deceptive practices·FORUM·fraudulent public statements·mandatory arbitration·Mann-Bracken·Minn. Stat. ยง 325F.67·Minnesota Attorney General·NAF·National Arbitration Forum
Wrongful Termination Exposes Deceptive Practices at National Arbitration Forum
May 29th, 2009 · No Comments · I'm being sued!, Legal Stuff
A recent wrongful termination complaint filed by Deanna Richert, a former manager at National Arbitration Forum (NAF), claims she was denied promotions and terminated last year because of her gender and age, which were, respectively, female and over 40. NAF is a for-profit company based in Minneapolis which specializes in resolving claims by banks, credit [...]
Tags: Arbitration·arbitrators·Credit Cards·Famous Parties·mandatory arbitration·NAF·National Arbitration Forum·richert vs. naf·wrongful termination
