February 24, 2004
Separate and Unequal Justice: The Case Against Binding Mandatory Arbitration for Homebuyers
The Center for Responsible Lending believes that binding arbitration clauses are incompatible with our nation's public policy in favor of an open and fair path to homeownership. BMA clauses can serve to protect unscrupulous lenders from the scrutiny of courts while they engage in activities that directly undermine homeownership and drain hard-earned assets from working families.
About the Center for Responsible Lending
The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting homeownership and family wealth by working to eliminate abusive financial practices. CRL is affiliated with Self-Help, one of the nation's largest community development financial institutions.