Bill > A02118

This bill amends the General Business Law in New York to require private arbitration organizations that handle 50 or more consumer arbitrations per year to collect and publicly disclose various details about those arbitrations, including the parties involved, the types of disputes, the outcomes, and the arbitrators' fees. The bill also prohibits these organizations from having any financial conflicts of interest with the parties or attorneys involved in the arbitrations they administer. The bill provides the New York Attorney General with the authority to enforce these new requirements through injunctions and civil penalties, and also allows individuals to bring private legal actions for violations. The provisions of the bill would take effect 180 days after it becomes law.