Cardholder Arbitration Provision Is Valid, Federal Judge Rules

WASHINGTON, D.C. - A federal judge in Washington on Jan. 31 denied consumers' motion to invalidate an arbitration provision in a credit cardmember agreement with American Express Co. and certain of its subsidiaries, ruling that state and federal law, as well as U.S. Supreme Court precedent, favor arbitration (Charles Aneke, et al. v. American Express Travel Related Services, Inc., et al., No. 11-1008, D. D.C.). Full story on lexis.com