McGraw Hill Chapter 3 Case Hypothetical 3 Ted is excited about his proposal, since (if implemented) it would reduce dramatically the number of cases processed through the judicial system, thereby saving the taxpayers money, and making his job easier. . Is Ted Henry's proposal, for binding arbitration in all civil cases involving less than $10,000 in controversy, legal? . Is it ethical? (Refer to the information in the preceding slides to answer this hypothetical.) 32 Chapter 3 Discussion Question The Consumer Financial Protection Bureau has been considering adoption of a rule that makes it easier for consumers to bring class action lawsuits against financial companies by banning arbitration clauses written in the fine print of consumer financial services contracts. Is this a good idea? Discuss the pros and cons of the proposed rule