April 10, 2014
A New York federal judge ruled Thursday that consumers couldn't prove American Express Co., Citigroup Inc. and Discover Bank conspired to introduce arbitration agreements with class action waivers, but warned the companies only escaped the antitrust suit by "a slender reed."
January 14, 2013
Consumers in two antitrust class actions accusing American Express Co., Citigroup Inc. and Discover Financial Services of conspiring to force arbitration agreements on credit card holders asked a New York federal court on Saturday to clarify its procedures, saying the credit card issuers were using a court directive designed to prevent document dumps to exclude important evidence.
December 01, 2011
The National Arbitration Forum reached a settlement Thursday with a class of credit card holders that had accused it of helping large banks and card companies collude to include compulsory arbitration clauses in cardholder agreements meant to prevent litigation.