Banks turn to arbitration agreements

Legal beat

NEW YORK - Many banks are implementing class action arbitration agreements to reduce the risks of lawsuits brought by one or more plaintiffs on behalf of a large group who have a common interest, according to banking lawyers.

Banks and other consumer financial services providers are now among the increasing number of companies that choose arbitration, ahead of litigation, as a medium to resolve disputes in consumer class actions.

Arbitration agreements help banks "save substantial legal fees a

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: