Summary: H.R.1443 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.1443. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/09/2007)

Consumer Fairness Act of 2007 - Amends the Consumer Credit Protection Act to treat as an unfair and deceptive trade act or practice under federal or state law any written provision in a consumer transaction or contract which requires binding arbitration to resolve a controversy arising out of or related to the transaction or contract, or the failure to perform any part.

Declares such a provision unenforceable.

Permits a written agreement to determine an existing controversy by binding arbitration if the parties agree after the controversy has arisen.