Tag Archives: Bill Dodd

UPLR: In Session 009 – SB 33 Arbitration



After managing to keep its scam under wraps for at least a decade, it came to light that Wells Fargo was ripping off its customers by opening fake accounts in their name and charging them for the fees associated with those accounts. Making matters worse, when defrauded customers tried suing the bank, Wells Fargo would block their access to the courts by enforcing the arbitration clause that many of the customers had agreed to when first opening a bank account. By enforcing these clauses, Wells Fargo could funnel all complaints regarding its deceptive practices into private arbitration, where it would never have to answer to either a judge or a jury. In order to ensure that victims of big-bank fraud could see their day in court, State Senator Bill Dodd introduced SB 33. Today on the podcast, Kim Barnes joins Tyler to discuss SB 33.