U.S. Supreme Court

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Supreme Court rules on arbitration of consumer finance agreements

March 13, 2001

On remand from the U. S. Supreme Court, the Eleventh Circuit — agreeing with NCLC — held that the class action provisions of the Truth-in-Lending Act (TILA) do not prevent courts from enforcing agreements to arbitrate TILA claims nor do they require TILA claims to be arbitrated on a class-wide basis.

U.S. Chamber files amicus brief

February 19, 2001

NCLC argues that nothing in the language or legislative history of the Truth in Lending Act (TILA) precludes arbitration of claims filed pursuant to that statute. Because arbitration agreements contemplate that they will be conducted in individual proceedings, NCLC urges the Court to reject the argument asserted by the plaintiffs that TILA’s class action provisions override the pro-arbitration policy of the Federal Arbitration Act.

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