UPDATE: Kucinich Hearing Video Now Posted, with the Full Set of Prepared Comments (Web)
July 22, 2009
The Domestic Policy Subcommittee of the House Committee on Oversight and Government Reform has completed its afternoon hearing, ""Arbitration or 'Arbitrary': The Misuse of Mandatory Arbitration to Collect Consumer Debts."
It has collected the prepared testimony of the five witnesses at this page. The page also includes the report issued by the committee yesterday on the National Arbitration Forum's consumer arbitration practices, as well as the opening statement by Subcommittee Chairman Dennis Kucinich, D., Ohio.
The nearly three-hour hearing was interrupted for more than hour because of House floor votes. When the committee returned, Kucinich questioned the panel for about 45 minutes--in large part about the committee staff report findings on NAF's investor ties to debt collection firms--before adjourning.
Kucinich said that additional written questions would be posed to the witnesses regarding safeguards for consumers in arbitration processes.
Update: A full on-demand video is now posted at the committee's webpage on the hearing.
--Russ Bleemer, Editor, Alternatives