Tag Archives: Citibank

Private Arbitration Agreements which Prohibit Public Injunctive Relief Violate Public Policy and are Unenforceable Under California Law

Credit
In an April 5, 2017 unanimous opinion, the California Supreme Court (the “Court”) held that private arbitration agreements which prohibit public injunctive relief in any forum are contrary to California public policy and unenforceable under California law. Furthermore, the court held that the Federal Arbitration Act (“FAA”) did not preempt this rule of California law … Continue reading this entry

Class Action Suit Filed Against Citibank Over Increased Annual Percentage Rates

On Tuesday, a putative class of plaintiffs filed a Complaint in the federal district court of Rhode Island against Citibank, alleging that Citibank is illegally raising annual percentage rates (“APRs”) before the effective date of the Credit Card Account and Responsibility and Disclosure Act of 2009 (“Credit CARD Act”).… Continue reading this entry