I can imagine that if the results are not to the major banks liking, they simply will take their business to another, more "reasonable" arbitrator. It is not that far of a stretch to feel compelled to somewhat manipulate results if your employer will fire you otherwise.
This is the exact same kind of game playing that allegedly goes on in the food industry business. If a food giant hires a food inspection company to document that they follow safe food handling practices, just how far will the company that has been hired by the food giant go against the very company that is probably paying them for favorable results.
Now we find the same pattern in the finance industry when it comes to arbitration. I still recommend arbitration, just be wary and be tough and mention that you know about THIS LAWSUIT FILED BY THE MINNESOTA ATTORNEY GENERAL AGAINST THE NATIONAL ARBITRATION FORUM and that you expect a fair hearing no matter who is paying their way.
Now we find the same pattern in the finance industry when it comes to arbitration. I still recommend arbitration, just be wary and be tough and mention that you know about THIS LAWSUIT FILED BY THE MINNESOTA ATTORNEY GENERAL AGAINST THE NATIONAL ARBITRATION FORUM and that you expect a fair hearing no matter who is paying their way.
I have read on the internet allegations that some home appraisers may be giving out appraisals that favor the banks agenda on a case by case basis.
The beat goes on.... or should I say, the consumer beating goes on.
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