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."
February 08, 2012
A New York federal judge on Wednesday refused to dismiss claims against Discover Bank and Citigroup Inc. in the multidistrict litigation claiming credit card issuers conspired to insert anti-competitive arbitration clauses in their customer agreements.
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.