What is the Federal Arbitration Fairness Act?

The Federal Arbitration Fairness Act (FAFA) was passed in Washington in 2011. It is a federal law that ensures people are provided with fairness when it comes to arbitration. It requires that any arbitration agreement between two parties must be voluntary, fair, and in writing. It also requires that arbitration is conducted in a neutral setting and that both parties must have access to the same resources and information. The Act also protects people from being forced into arbitration. It prevents companies from using the process to make it difficult for consumers to assert their rights. It also prohibits companies from using arbitration clauses in contracts with consumers to limit their access to justice. The FAFA also requires that any costs associated with arbitration are fair and reasonable. This includes attorney fees and other expenses. It also requires that any rulings must be based on the law and evidence, and that arbitration must follow due process. Finally, the Act allows a consumer to file a lawsuit in the event of the arbitration not being fair or not following the law. It also permits the consumer to seek a waiver of any arbitration clause in the event that the company does not comply with the law or provide a fair process.

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What is the Federal Arbitration Fairness Act?

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