Wall Street's Arbitration Problem

Thought it was interesting that alot of the big players on Wall Street like Goldman still force arbitration on harassment, race & age discrimination cases, etc, while shutting down any attempts at class action lawsuits.  Some other banks like Wells Fargo have done away with forced arbitration for harassment cases.   Seems like something that should be a bigger deal but I don't hear it being talked about. 


Wall Street wins big on arbitration, and consumers are mad

https://www.cbsnews.com/news/wall-street-wins-big-on-arbitration-and-consumers-are-mad/


To Sue Goldman Sachs, You Have to Be Willing to Hang On—For a Long, Long Time

https://www.bloomberg.com/news/features/2018-05-03/wall-street-s-biggest-gender-lawsuit-is-13-years-in-the-making


This Is What Happens When You Try to Sue Your Boss

https://www.bloomberg.com/features/2019-arbitration-hell/

 

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