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US Appeals Court Orders New Credit Card Case Trial re: Arbitration

Tags » Card Issuers, Credit Cards

The issue here is mandatory arbitration clauses in US credit card issuer agreements. Leslie Gevirtz reports for Reuters that the 2nd U.S. Circuit Court of Appeals has 'reinstated a class-action suit Friday against a group of banks that force their credit card customers to use arbitration instead of the courts to settle disputes.' The court's full decision icon_PDF_small.gif is available online.


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