Jan
11
Act’s Silence On Arbitration Means Claims Must Be Arbitrated, High Court Rules
January 11, 2012 | Leave a Comment
WASHINGTON, D.C. – Because the Credit Repair Organizations Act (CROA) does not specifically state whether claims brought pursuant to the act are eligible for arbitration, the Federal Arbitration Act (FAA) requires an arbitration agreement in a credit card agreement “to be enforced according to its terms,” a split U.S. Supreme Court ruled Jan. 10 (CompuCredit Corp., et al. v. Wanda Greenwood, et al., No. 10-948, U.S. Sup.).
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