Arbitration Clauses in Consumer Loan Agreements are Unconscionable According to Latest ABI Quick Poll
Contact: John Hartgen
ARBITRATION CLAUSES IN CONSUMER LOAN AGREEMENTS ARE
UNCONSCIONABLE, ACCORDING TO LATEST
April 23, 2008, Alexandria, Va. — A majority of respondents in a recent
Twenty-eight percent of respondents, however, did not think that arbitration clauses in consumer loan agreements were unconscionable. Nineteen percent “disagreed strongly” and 9 percent “somewhat disagreed” that arbitration clauses in consumer loan agreements are unconscionable.
In the case of
Tillman v. Commercial Credit
Loans (N.C. Sup.