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Released: January 11, 2012
Supreme Court rules credit repair firms can force arbitration
Source: Jim Puzzanghera, Los Angeles Times (Free Registration)
A 1996 law sought to protect struggling consumers from businesses promising to improve their credit rating, and specifically gave customers the right to sue any firm in violation.
But the U.S. Supreme Court ruled Tuesday that credit repair companies could block such lawsuits and instead force disgruntled customers into binding arbitration if they had agreed to such a provision in the fine print of their agreements.
Read Full Article: Supreme Court rules credit repair firms can force arbitration
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