Consumers who have been forced to arbitrate claims brought by credit card companies in front of the National Arbitration Forum (Forum or NAF) may not have had their cases fairly decided. Murray Frank & Sailer LLP is currently investigating complaints against the Forum as well certain credit card companies. The Attorney General of Minnesota has filed a lawsuit against the Forum which accused it of deceptive trade practices in violation of state consumer law. The credit card companies often place, in the fine print of a consumer's credit card agreement that the consumer (or debtor) forfeits any right to a jury trial and must arbitrate any claim brought by the credit card company in arbitration-frequently through the Forum. Although the arbitration is supposed to be as unbiased and fair, the allegations of the Attorney General's complaint are that the consumer does not know that the Forum works alongside creditors. Shortly after the filing of the lawsuit, the Minnesota Attorney General settled with the Forum and has now agreed to no longer arbitrate disputes between consumers and credit card companies such as American Express, Bank of America, MBNA, Wells Fargo, Wachovia, Capital One, and J.P.Morgan Chase.
If you have participated in an arbitration with your credit card company in front of an arbitrator from the National Arbitration Forum you may have incurred damages as a result of an unfair arbitration. If you would like more information about our investigation, and learn what rights you may have and wish to represent a class of consumers in a class action lawsuit, please contact us below.
MURRAY, FRANK & SAILER LLP, an experienced class action law firm located in the heart of New York City, specializes in representing institutions and individuals worldwide in class action litigation, particularly in cases involving violation of the securities laws, antitrust laws, consumer protection laws, wage and compensation laws, mass tort laws, and ERISA. With its many years of experience, you know MURRAY, FRANK & SAILER is a leading firm that knows how to handle your case.
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