Cash America Lendees Must Arbitrate Claims: Judge

Law360, New York (August 12, 2011, 7:53 PM EDT) -- A Pennsylvania federal judge ruled Friday that two consumers who filed a putative class action accusing Cash America International Inc. of unfair and deceptive lending practices must bring their individual claims to arbitration, citing the U.S. Supreme Court's Concepcion decision.

Because their loan agreements with Cash America contain arbitration clauses with class action waivers that are “valid and unenforceable” under the Federal Arbitration Act, plaintiffs Peter Alfeche and Kim Saunders must submit to individual arbitration and abandon their class action bid, Judge Norma L. Shapiro found...
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