Ralph Nader,
Be Leery of Binding Arbitration Agreements
(2003)
“ When the forgery is discovered, the consumer is sued by the finance company. The consumer's credit is ruined. A dealership trades in the consumer's old car, but never pays off the loan on the old car. The consumer is sued by the finance company and forced to pay thousands in damages. A dealership buys lemon vehicles from the manufacturer, destroys the paper which shows the vehicles' histories and sells the cars to consumers. Under arbitration, clear well established and consistent rules followed by courts are lacking. ”
