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Consumer Protection – Arbitration – Credit Increase Limit – Request Denial

Under an arbitration agreement in plaintiff’s credit application, the Richmond U.S. District Court gets to decide the validity and enforcement of any waiver of the applicant’s right to bring a class action, but the court upholds the waiver, and plaintiff is left to arbitrate her individual claim that defendant bank violated the Equal Credit Opportunity Act by refusing to increase her credit limit without providing any explanation.
Freeman v. Capital One Bank (VLW 008-3-247) (6 pp.)

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