The U.S. Supreme Court has ruled that consumer credit card disputes need not go to court but must instead be settled out of court, in arbitration.
Entries Tagged as 'Arbitration'
Consumer Credit Card Disputes Must Be Settled Out of Court [U.S. SUPREME COURT RULING]
January 12th, 2012 · 1 Comment · Credit Cards
Tags: Arbitration·Compu Credit Holdings·consumer credit card disputes·credit·Credit Card Companies·credit card disputes·Credit Cards·out of court·Synovus Financial·U.S. Supreme Court
FTC Recommends Changes in Debt Collection Litigation and Arbitration
July 13th, 2010 · 1 Comment · Debt Collection, Legal Stuff
On July 12, 2010, the Federal Trade Commission (FTC) issued recommendations on proposed reforms to debt litigation, including the process of arbitration. These recommendations were based on a 2009 report on the debt collection industry as a whole. Debt collectors frequently use the court process fraudulently in the following ways: Failing to properly notify consumers [...]
Tags: Arbitration·arbitration forum·debt collection litigation·default judgments·FTC·FTC recommendations·garnishments·lawsuits·NAF·Settle Debts
J.P. Morgan Chase Halts Submitting Disputes to Arbitration
August 3rd, 2009 · No Comments · Credit Cards, Legal Stuff
On July 22, we reporting a lawsuit by the Minnesota Attorney General who sued the National Arbitration Forum (NAF). As result of the lawsuit, the firm essentially shut down for good. Now one of the big players in the credit card industry, JP Morgan Chase, has announced that they are halting the process of submitting [...]
Tags: American Arbitration Association·Arbitration·Credit Cards·Disputes·JP Morgan Chase·lower interest rates·NAF
