American Express Tries To Sneak Forced Arbitration Clause On Users, Gives Until Feb. 15 To Opt Out

castlefox · ‎12-09-2010

See full text in link below:

http://consumerist.com/2012/10/19/american-express-tries-to-sneak-forced-arbitration-clause-on-users...

"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

MyFICO score- Equifax - 12.03.11 - 780 Experian 12.03.11 - 763
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EXP PLUS Score Dec 2011. 748
Advanced Risk Score 2.0 (NextGen) 793 Dec 2010
Vantage Score (2011) MAR = 771 Jun = 771 Sept= 788 Dec= 773 2012 MAR = 782 JUN=783

drkaje · ‎07-25-2008

The article only mentions business accounts. Does this affect all card members?

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ptkdude · ‎03-25-2011

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.

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Credit in the News

American Express Tries To Sneak Forced Arbitration Clause On Users, Gives Until Feb. 15 To Opt Out

Re: American Express Tries To Sneak Forced Arbitration Clause On Users, Gives Until Feb. 15 To Opt O

Re: American Express Tries To Sneak Forced Arbitration Clause On Users, Gives Until Feb. 15 To Opt O