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Veritas News Network
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#vnn CFPB moving in the right direction - by the editorial staff The Consumer Financial Protection Bureau took a giant step forward this week when their long-awaited study on mandatory arbitration was released. It’s a giant step forward because, while truthful and compelling, it’s sure to rock the financial world. Of course, the banks and other financial institutions love mandatory arbitration and why wouldn’t they? According to the 700-plus page report issued by the CF... http://ow.ly/2VTk1G

#vnn New arbitration rules could be forthcoming - by Carol Thompson Proponents say arbitration is a cheaper alternative to court. Opponents say arbitration takes away their rights. The Consumer Financial Protection Bureau leans with the opponents. Yesterday, the agency director Richard Cordray released a long-awaited report on mandatory arbitration clauses following a two-year study. The study was mandated by the Dodd-Frank Act, and the CFPB has the authority to issue r... http://ow.ly/2VPBLE

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#vnn Arizona moves one step closer to shielding police officer names http://ow.ly/2VHQq6

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#vnn Palms Place condo prices tank - by Carol Thompson Palms Place condominiums in Las Vegas are selling at cut-rate prices. The upscale condos are advertised as selling for a minimum list price of $155,000. The condos were constructed with a mix of 600-square-foot studio units and 1,200-square-foot one-bedroom suites in Las Vegas in close proximity to the Palms Casino. There are also reportedly 21 penthouses on the top four floors, ranging in size from 2,000 square fee... http://ow.ly/2VBvEH

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#vnn CFPB to tackle mandatory arbitration clauses - According to The Washington Post, the Consumer Financial Protection Bureau is expected to issue a comprehensive report next week — issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act — that consumer advocates predict will lay the groundwork for new regulations restricting how companies can implement mandatory arbitration clauses. Mandatory arbitration bars consumers from filing class action lawsu... http://ow.ly/2Vudha

#vnn State Farm Lloyd’s to refund $352 million to Texas homeowners http://ow.ly/2Vhiaw

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#vnn Does homeowners insurance cover frozen water pipes? - by Carol Thompson With record-breaking cold weather blanketing the northeast, south and Midwest for most of the month of February, frozen water pipes has been a problem for homeowners, especially those who live in areas not accustomed to subzero temperatures. Pipes break when the pressure from the unfrozen water between the ice and a closed faucet builds. Eventually, the pipe ruptures causing thousands of dollar... http://ow.ly/2VcjyC

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#vnn Pet abuse on the rise nationwide - by Carol Thompson Animal abuse and neglect cases have been dominating the news in recent months. According to the Humane Society of the United States, the animal suffering from the most cruelty is pit bull-type dogs. Animal abuse has been defined as “non-accidental, socially unacceptable behavior that causes pain, suffering, or distress to and/or the death of an animal” (Ascione & Shapiro, 2009). The most common forms of animal ab... http://ow.ly/2UZ9Tp

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#vnn Arbitration awards can be appealed - by Carol Thompson It is not possible to appeal an arbitration award to a court on the usual appellate grounds under federal or state law. Under the Federal Arbitration Act, which governs most arbitrations, a party may petition a court to modify or vacate an arbitration award, but the grounds are extremely narrow — basically that the arbitrator was corrupt, evidently partial, engaged in misconduct regarding evidence or scheduling... http://ow.ly/2UWupm

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#vnn Only six percent of consumers win credit card arbitration http://ow.ly/2UTvfH
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