Regular Contributor
castlefox
Posts: 219
Registered: ‎12-09-2010
American Express Tries To Sneak Forced Arbitration Clause On Users, Gives Until Feb. 15 To Opt Out

‎10-19-2012 01:29 PM

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
FAKO Scores
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
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drkaje
Posts: 2,912
Registered: ‎07-25-2008
Re: American Express Tries To Sneak Forced Arbitration Clause On Users, Gives Until Feb. 15 To Opt O

‎12-16-2012 08:59 PM

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

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New Contributor
ptkdude
Posts: 64
Registered: ‎03-25-2011
Re: American Express Tries To Sneak Forced Arbitration Clause On Users, Gives Until Feb. 15 To Opt O

‎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.

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