B of A Agrees to Stop Mandatory Arbitration

December 2009
American Banker;12/18/2009, Vol. 174 Issue F318, p12
Trade Publication
The article reports that Bank of American Corp. (BOA) will eliminate from its consumer and small-business credit-card agreements language related to mandatory arbitration and bans on class-action lawsuits. BOA, and J.P. Morgan Chase & Co. are among defendants in a lawsuit who have agreed to such terms.


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