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Did Credit-Card Issuers Collude to Force Arbitration?

Authors :
Mollenkamp, Carrick
Source :
Wall Street Journal - Eastern Edition. 9/1/2005, Vol. 246 Issue 44, pC1-C3. 2p.
Publication Year :
2005

Abstract

Reports on a class action lawsuit brought against eight of America's biggest credit card issuers for violations of the federal anti-trust law when the companies met secretly to plan arbitration agreements for its credit cards. How Bank of America Corp., Capital One Financial Corp., and others had more than 20 meetings; Involvement of prominent law firms such as Wilmer Cutler Pickering Hale & Dorr in the meetings; Description of the advertisement of one arbitrator, National Arbitration Forum; Details of the consumer complaint filed in a federal court in New York City.

Details

Language :
English
ISSN :
00999660
Volume :
246
Issue :
44
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
18085591