Arbitrary Saturday

1a

Left to right; Perry Mason, the injured party, and Ms. Della Street.

A COALITION CONSISTING of the preeminent national business lobby, several financial services trade groups, and over a dozen business organizations in Texas have banded together — the way individuals might in a class-action lawsuit — to force the federal government to allow them to block class-action lawsuits.

Eighteen groups representing thousands of corporations and banks filed the lawsuit against the Consumer Financial Protection Bureau last Friday in federal court in Dallas. Oddly, they did not attempt to individually resolve the dispute through an arbitration process, which they’ve consistently said yields speedier and better results for those wronged. “Arbitration gives consumers the ability to bring claims that they could not realistically assert in court,” the lawsuit reads.

But for corporations, banding together in courts apparently presents a better option.

The plaintiffs want to overturn the CFPB’s arbitration rule, which would prevent companies from using clauses in financial contracts to force all customer complaints into individual arbitration rather than class-action lawsuits. They claim that the CFPB is unconstitutional, and that the analysis the bureau generated to help finalize the rule was flawed, while denying the companies their proper input. Plus, the arbitration rule harms the public interest, they claim, because “it precludes the use of a dispute resolution mechanism that generally benefits consumers (i.e., arbitration) in favor of one that typically does not (i.e., class-action litigation).”

So, really, they’re doing it for the consumers.

But the dispute resolution mechanism that allegedly doesn’t help ripped-off consumers is effectively the one they’re using.

@ TI

About Den

Always in search of interesting things to post. Armed with knowledge and dangerous with the ladies.
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15 Responses to Arbitrary Saturday

  1. Micki says:

    David B. Benson says:
    October 6, 2017 at 10:28 PM
    Doubt that is necessary. He had his walkabout.

    We had a dog, Ruff, who grew up with our daughters. When we lived in Alaska, we had a fenced-in area, where Ruff would occasionally hang-out. But, he preferred to patrol the perimeter of the front yard, where all the kids in the neighborhood would gather because the terrain had a slope to the street that allowed for good sledding. Ruff was routinely off-leash, and didn’t wander….until he got the “bug” to do so…

    Back to the back yard…the fenced-in area: Bill had used a ladder one day, and instead of storing it in the garage, he left it propped against the fence, because he got distracted by something. That night it snowed BIG time! Ruff was let out early morning…he casually walked over to that ladder, then lickety-split, climbed it, and jumped over the fence!

    He was GONE! Had his walk-about…came back looking like a bum, but knew a good thing: HOME

    Like

  2. Den says:

    The doggie biscuits were not better on the other side of the fence.

    Like

  3. Den says:

    Anyone catch the extreme irony in today’s post? It hurts to watch.

    Like

    • David B. Benson says:

      Chutzpah.

      Like

    • Carol ٩(-̮̮̃-̃)۶ says:

      ‘They’re’ constantly finding ways of slamming doors in the American people’s faces. Whether it’s voter suppression, or stopping us from banding together as in the article. Protesting isn’t going so well, they create pens now for protestors. Squashing the average man is the goal of business, and republicans.

      Like

  4. Carol ٩(-̮̮̃-̃)۶ says:

    We’re had a bit of rain the past couple days. Very windy today, sunny and warm so the old A/C had to go on to get the 60% humidity knocked down.

    The box elders bugs are out on the sunny side of the house and garage. Hate the little bastards. I’m glad they crawl away near evening so I can sit on the patio. I knocked the chair on the ground first in case any are hiding on it. I expect I’ll start finding them in the LR window soon, and when I open the front door. Some will keep turning up in here all winter along with ladybugs.

    Like

  5. jimhitchcock says:

    Never even heard of a boxelder tree before, though they’re supposed to range as far as Eastern Nv.

    Oh man, the bugs poop orange.

    Like

  6. David B. Benson says:

    South on Main Street to Shopko where I arrived 5 minutes too late for the pharmacy, then on around Bishop Blvd to the Birch & Barley, taking 78 minutes so far. On the edge of chill keeps me moving right along.

    Like

    • David B. Benson says:

      So here I am, trying to eat this delicious blackened salmon Caesar salad and read TNYT but there is the most beautiful young woman sitting at a nearby table and all I can do is look at her. She is sitting with 6 others, together with a baby; not hers. And nothing hard edged about her, the way there is among the stunning so often seen in Santa Monica.

      Like

      • David B. Benson says:

        Finished the salad. Finished the obit for Voevodsky. Reading it will give you a hint of my academic interests.

        Doing my best to ignore the next table over.

        Like

      • Den says:

        This is a common reaction when your DNA provides you with faces of important people recorded in your ancestors, it’s in the facial recognition system, a particular face will trigger you to respond as if you already know that person only you are responding to a DNA trigger set off by similarity of face to that recorded in the DNA, I’ts happened to me several times over the years and i know the face type and recognize the trigger.

        Not being an actual “scientist” I can only make observations and throw them out to the internets to be devoured by idiots and miscreants with a smidgen getting through here.

        The DNA contains what I call Functionals and Travelers, the Functionals put you together and make you run physically, the Travelers contain sights, sounds, profound memories as well as fears. You are what your DNA tells you who you are not who you think you are.

        Like

      • David B. Benson says:

        Home via the Reaney Way walk up to Spokane Street instead of the usual clockwise along the trail. Didn’t take less time with the daily total being 124 minutes. Arrived shortly before a few raindrops.

        Day 7: 243+124=367 minutes.

        Like

  7. Den says:

    51? Too young, mathematics is geek-land to me a student of mechanics where mathematics exists but to a lesser degree as ratios, dimensions, and motion collected to provide a machine.

    Like

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