| Volume 91 Number 3 |
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The People’s Lawyer’s Tip of the Day
The Telephone Consumer Protection Law protects you from unwanted faxes, but it also protects you from political calls and texts to your cell phone. Under the law, robo-calls and texts to a cell phone are prohibited.
For more general information about the law, check out my website.
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Federal Reserve Debuts New $100 Bill
The United States Federal Reserve debuted a new $100 bill on Tuesday. The bill was originally due out in 2011 but was held up by printing errors.
The new $100 bill was created with advanced security features, including color shifting ink and a 3D security ribbon.
The $100 bill is America's second most common unit of currency, behind only the $1 bill.
Check out the new $100 bill!
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Health Care Exchange Glitches
With health insurance exchanges open for a little over a week, the computer system running the operation is still working out the kinks. The system was designed to handled about 40,000 users at a time. However, once it went live, several times that amount of people hit the site to sign up for health insurance.
Find out what's happening with the health insurance exchange in your state!
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Your Money
What is the impact of increasing your 457 Plan contribution?
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For the Lawyers
Arbitration agreement providing for NAF rule is still enforceable.
The Seventh Circuit compelled arbitration even though the parties’ loan agreement provided for “binding arbitration by one arbitrator by and under the Code of Procedure of the National Arbitration Forum [NAF],“ notwithstanding that the NAF had not accepted consumer cases since July of 2009. The district court had refused to compel arbitration, finding the NAF was an “integral part of the agreement” and without it the arbitration agreement was void. Noting a circuit split in which the 3rd and 11th Circuits have compelled arbitration, despite selection of the NAF, while the 5th Circuit has declared agreements calling for the NAF unenforceable, the 7th Circuit sided with those compelling arbitration. The decision engaged in a lengthy analysis suggesting that the line of cases finding one aspect of an arbitration clause “integral” contradicts Section 5 of the FAA and does not come from a general state law principle allowable under Section 2.
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