Table: Is Forced Arbitration Fair?

A recent explosion in its use has raised objections. Critics contend:

-- It often favors corporations, because they generally pay the costs and the arbitraton panels are often staffed by industry insiders

-- Decisions aren't bound by state and federal laws, so arbitrators don't have to follow existing legal precedent

-- Arbitration discourages legitimate class actions when individual damages are too small to warrant separate litigation

Before it's here, it's on the Bloomberg Terminal.