When the brave men and women of the U.S. Armed Services are protecting our country, they should not have to worry about financial frauds and schemes at home. To alleviate some of this burden, Congress passed the Servicemembers Civil Relief Act (SCRA), which grants certain legal protections to members of the military. Unfortunately, corporations including USAA and JPMorgan Chase have found a way to violate the SCRA law without being held accountable — forced arbitration.
The New York Times exposed this abusive practice in a front page story that you can read below. As you will see, this is not limited to servicemembers’ rights. This could – and likely does – apply to you because forced arbitration is found in everything from cell phone contracts, to bank terms of service, to even nursing home admission forms.
Failed by Law and Courts, Troops Come Home to Repossessions, New York Times, March 16, 2015.