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Amex's new Arbitration clause

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Recently saw that American Express included an arbitration clause quietly in the regular credit card statement. What it means: You cannot sue Amex in a class action or you cannot go to public courts, if you have a reason to sue. However, they give you an opt out option (which I am using, though its a bit lengthy as they intended).

Similarly, saw that paypal is also including this clause.
(goto Opt-out procedure)
mayhemt posted Oct 28, 2012
1 Comment

I didn't know about amex enforcing this law but paypal did send me an email to let me know about this. Good to know! thanks

Florida2Texas (rep: 15.1k) posted Oct 28, 2012