Chase bank is quietly adding a forced arbitration clause to some credit cards

https://www.fastcompany.com/90357331/chase-adds-forced-arbitration-clause-to-slate-credit-cards

by makecheck • 7 years ago

5 2 7 years ago

makecheck• 7 years ago

I received one of these E-mails and it was incredibly shady; it was several pages long, and effectively buried in bullet point EIGHT was this change to arbitration. And, of course, the only way to opt out is via snail-mail.

duxup• 7 years ago

The concept that seems to justify forced arbitration is that both sides agree to it.

A few years ago just as an experiment I went looking at the handful of mobile providers available to me in my area.

I couldn't find one that didn't have an arbitration clause. So if I didn't want to be a part of forced arbitration, I just couldn't have a cell phone (well service for it) at that time.

It seems a bit absurd that the legal system is cut off from me for an entire service that is increasingly a standard for participating in society efficiently.

Chase bank is quietly adding a forced arbitration clause to some credit cards

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