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April 07, 2008

San Francisco sues arbitration mill used by credit card companies

Good news from the West Coast. Nathan Koppel of The Wall Street Journal (pd. subs. req'd) reports that San Francisco Sues Provider of Arbitrators. The firm, the National Arbitration Forum, and one of its major clients, MBNA, have long been accused of abuses, including that the pair use arbitration to collect debts from victims of identity theft who never had accounts with the bank. MBNA is now part of Bank of America after a recent merger. Our previous blog has more info on a recent Public Citizen report about MBNA and NAF and about proposed legislation, the Arbitration Fairness Act, to give consumers more rights.

Posted by Ed Mierzwinski at April 7, 2008 06:44 AM


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