10-19-2012 01:29 PM
See full text in link below:
"It’s the hot new trend in business: Forcing customers into binding arbitration that take away their rights to sue as a group. The latest to latch onto this trend is American Express, which did its best to hide the clause on the final pages of their statements, but which is also giving them until Feb. 15, 2013 to opt out."
I have sent in my letter today. I thought everyone else should know
12-16-2012 08:59 PM
The article only mentions business accounts. Does this affect all card members?
12-17-2012 08:18 PM
This affects consumer customers as well. As for American Express trying to "sneak" the forced arbitration clause on users, putting 4 pages about it in your bill and make it very obvious how to opt out doesn't sound like "sneaking" it in to me.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO