Credit Repair Act Doesn't Assure Day In Court: Justices

Law360, New York (January 10, 2012, 2:13 PM EST) -- The U.S. Supreme Court ruled Tuesday that the Credit Repair Organizations Act doesn't guarantee consumers the right to sue credit-repair companies in court, siding with CompuCredit Corp. in its bid to force arbitration of claims that it misled consumers seeking to rebuild their credit.

In an 8-1 vote, the Supreme Court ruled that the CROA does not override arbitration agreements like those signed by CompuCredit's consumers — the latest arbitration-friendly opinion since the high court's ruling in April that the Federal Arbitration Act preempts state laws...
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