Credit Card companies are accused of including arbitration clauses in their card holder agreements for the purposes of avoiding possible class action litigation. In the recent case on District Court Rules Credit Card Debt Collection Dispute Must Be Arbitrated, an arbitration clause was upheld although the card holder claims to not have received a subsequent notice requiring arbitration. The Court found that although the card member may have not received the additional notice, she was bound by the original agreement and the dispute had to be resolved through arbitration.
For more information on New York Debt Collection arbitration and litigation, contact Frank, Frank, Goldstein and Nager at 212-686-0100 or jnager@ffgnesqs.com for a free consultation.
