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JP Morgan Chase says “goodbye” to arbitration clause in card agreements

November 23, 2009 – 12:14 pm – No Comment
JP Morgan Chase says “goodbye” to arbitration clause in card agreements

JPMorgan Chase has decided to drop a clause from the credit card contracts that it has members sign when they sign up for cards. The clause is the highly disputed mandatory arbitration clause.
So, why exactly are arbitration agreements bad?
Arbitration can (and often does) give the …