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Violation Tracker Individual Record

Company: National Arbitration Forum, Inc.
Penalty: $1,000,000
Year: 2011
Date: October 19, 2011
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: National Arbitration Forum agreed to pay $1 million to the CIty and County of San Francisco in settlement of allegations it claimed to be a neutral arbitrator for credit card companies and consumers, while secretly partly owned by a hedge fund that also owned one of its debt collector clients.
Level of Government: local
Action Type: agency action
Agency: California Multi-Jurisdiction Case
Civil or Criminal Case: civil
Private Lawsuit Resolution Type: settlement
Facility State: California
Facility County: San Francisco
Facility City: San Francisco
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.