NASAA in early March released its legislative agenda for the new Congress. Arbitration reform is now a key focus.
The 16-page NASAA Legislative Agenda for the 116th Congress has four core principles: 1) Putting Main Street Investors First;
The Kentucky Supreme Court accepts SCOTUS’s striking its “clear statement” rule as arbitration-hostile, but a majority insists arbitration denial on alternative grounds was righteous.
Florida only recently authorized arbitrators to assess attorney fees, changing a significantly more cumbersome process for obtaining that item of damages that previously required the intervention of the courts.
More details have emerged on the proposed Justice for Victims of Fraud Act that would bar arbitration of disputes involving fictitious Wells Fargo accounts.
The California Legislature late this summer passed and sent to the Governor three bills aimed at regulating consumer and employment arbitration. On September 25th a busy Governor Brown signed two of the bills into law and vetoed one as not necessary.
Those looking for a sign of how the post-Scalia Supreme Court will view arbitration issues may have gotten that sign – “not very interested” – based on recent denials of certiorari by the Court.