Lawmakers Creating Due Process Concerns, Group Claims

A letter of opposition to SB 33 from the California Chamber of Commerce and organizations including CJAC argued to Senate members that the bill “unfairly attacks the use of arbitration agreements in consumer contracts with ‘financial institutions’ as broadly defined, is likely preempted by the Federal Arbitration Act (FAA), and will negatively impact ‘financial institutions’ with unnecessary and costly class action litigation that does not ultimately benefit the consumer.” (Nor Cal Record, 8/29/17)