Released: July 24, 2009

Minnesota A.G. wins one for consumers

Source: StarTribune.com

Consumers using credit cards, cell phones and other forms of credit -- meaning most Minnesotans -- got a major victory this week when state Attorney General Lori Swanson announced that the St. Louis Park-based National Arbitration Forum, the country's largest arbitrator of credit collections, would stop most of its work in the state. This came just a week after the attorney general's office filed a lawsuit accusing National Arbitration of deceiving credit consumers into believing it would be a neutral party in arbitration hearings. Instead, the National Arbitration engaged in what Swanson characterized as "behind-the-scenes hustling" tilted toward consumer credit companies.

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