Consumers can't sue some of the biggest companies in the US—here's what that means for you

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Consumers can't sue some of the biggest companies in the U.S.—here's what that means for you. (via CNBCMakeIt)

of this new policy and reserve their right to sue. But for many other companies that you deal with on a regular basis, there's no such grace period.

Instead of going to federal court, arbitration agreements require you to go before an arbitrator or a panel of arbitrators, who may even be hired by the company, to decide the final outcome of your dispute. There are typically few options to appeal if you don't like their ruling.

 

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MakeIt Nothing for us but the lawyers will reap millions.

MakeIt Consumers can leave Chase and deposit their money elsewhere.

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