Arbitration Clauses In Loan Agreement Found Invalid By 3rd Circuit

Mealey's (March 1, 2018, 3:08 PM EST) -- PHILADELPHIA — A federal court did not err in denying a bid by a payday lending company associated with an Indian tribe to compel arbitration of a customer’s class action racketeering claims because the tribe has no arbitral forum or consumer protection laws, the Third Circuit U.S. Court of Appeals held Feb. 27 (John S. MacDonald v. CashCall, Inc., et al., No. 17-2161, 3rd Cir., 2018 U.S. App. LEXIS 4795)....