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Posts Tagged ‘arbitration’

JPMorgan Pulls Arbitration Clause From Card Contracts

JPMorgan Chase & Co.’s credit-card contracts will no longer require disputes to be settled through arbitration, a practice that lawmakers said was biased against cardholders, to help settle an antitrust lawsuit.


Debt Collection Empire Upends Credit Card Disputes

Minneapolis-based NAF has mediated the vast majority of these claims. But both NAF and another arbitrator have stopped hearing arbitrations of consumer-debt cases, and major banks are dropping arbitration requirements.


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