Category: direct payday loans online

Payday lenders frequently make an effort to slip arbitration clauses within their loan agreements. The concept behind these clauses is not difficult: remove the customer of these protection under the law by forcing them into binding arbitration, where in fact the normal guidelines and defenses associated with the system that is judicial perhaps not apply. These forced arbitrations are heard by an arbitrator appointed by the lender, and the consumer cannot even challenge the validity of the agreement itself before a regular judge in many cases. Continue reading Philadelphia Appeals Court Rejects Payday Lender’s Try To Hide Behind Tribal Law to make Arbitration