Consumer Fairness Act of 1999

[AI summary unavailable — showing source text] Consumer Fairness Act of 1999 - Amends the Consumer Credit Protection Act to provide that a written provision in any consumer transaction or consumer contract which requires binding arbitration to resolve any controversy or the failure to perform the whole or any part of the transaction or contract shall constitute a violation of such Act, shall not be enforceable, and shall be treated as an unfair and deceptive trade act or practice under Federal or State law. Specifies an exception with respect to a written agreement to determine by binding arbitration an existing controversy if the written agreement has been entered into after the controversy has arisen.…